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RUETERS:Somalia agrees offshore oil exploration roadmap with Shell/Exxon: minister Share Tweet Email Share Share Tuesd

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RUETERS:Somalia agrees offshore oil exploration roadmap with Shell/Exxon: minister Share Tweet Email Share Share Tuesd

Postby bashe19 » Tue Mar 03, 2020 5:12 am

Somalia agrees offshore oil exploration roadmap with Shell/Exxon: minister


Tuesday March 3, 2020


CAPE TOWN (Reuters) - Somalia has agreed an initial roadmap with a Shell/Exxon joint venture to explore and develop potential offshore oil and gas reserves, the Ministry of Petroleum and Mineral Resources said on Monday.

“I am delighted we have agreed an initial roadmap with the Shell/Exxon joint venture. This gives us confidence in (the)ability to further explore any offshore hydrocarbon potential,” minister Abdirashid Mohamed Ahmed said in a statement.



Last month Somali President Mohamed Abdullahi Farmajo signed petroleum legislation into law to help open up a new frontier market in Africa as the strife-torn country hopes new petroleum finds will help transform its economy.
Seismic data suggests there could be significant oil reserves offshore.

In October Shell and Mobil, which had a joint venture on five offshore blocks in Somalia prior to the toppling of dictator Mohamed Siad Barre in the early 1990s, agreed to pay the government $1.7 million for historic leasing of the blocks.

Exxon Mobil and Shell were not immediately available to comment.

Reporting by Wendell Roelf; editing by David Evans


:stylin:

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Re: RUETERS:Somalia agrees offshore oil exploration roadmap with Shell/Exxon: minister Share Tweet Email Share Share T

Postby AbdiWahab252 » Tue Mar 03, 2020 9:08 am

My buddy will be :eat: good.

It’s a bonanza for anyone who will be awarded service contracts for these rigs

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Re: RUETERS:Somalia agrees offshore oil exploration roadmap with Shell/Exxon: minister Share Tweet Email Share Share T

Postby PrinceNugaalHawd » Tue Mar 03, 2020 9:19 am

Good for Somalia I hope they find enough oil to make Somalis the Sheikhs of Africa. The richest nation of the World.

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Re: RUETERS:Somalia agrees offshore oil exploration roadmap with Shell/Exxon: minister Share Tweet Email Share Share T

Postby theyuusuf143 » Tue Mar 03, 2020 11:53 am

Good for Somalia I hope they find enough oil to make Somalis the Sheikhs of Africa. The richest nation of the World.
And we gonna have our own version of wealthier Kurdistan.

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Re: RUETERS:Somalia agrees offshore oil exploration roadmap with Shell/Exxon: minister Share Tweet Email Share Share T

Postby PrinceNugaalHawd » Tue Mar 03, 2020 3:06 pm

Good for Somalia I hope they find enough oil to make Somalis the Sheikhs of Africa. The richest nation of the World.
And we gonna have our own version of wealthier Kurdistan.
Lol All of us will eat inshallah, even the ones in Djibouti, NFD & DDS, should receive help.

Walle rich Somalis would be the envy of Jareerta & Xabashida.

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Re: RUETERS:Somalia agrees offshore oil exploration roadmap with Shell/Exxon: minister Share Tweet Email Share Share T

Postby dalalos101 » Tue Mar 03, 2020 4:21 pm

sheikhuna in the thread waa idin wada salaamay, somalis gonna eat good with oil exploration


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