X

Sign Up To Our Free Newsletter

Join Now

Thanks for subscribing to our free newsletter!

ERROR

  • 3 minutes Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Scientists Warn That Filling The Sahara With Solar Panels Is A Bad Idea
  • 11 minutes United States LNG Exports Reach Third Place
  • 15 minutes Joe Biden's Presidency
  • 12 hours U.S. Presidential Elections Status - Electoral Votes
  • 7 hours Interest article about windmills and waterwheels in Europe
  • 2 hours Retired RAF pilot wins legal challenge over a wind farm
  • 1 day Speaker Pelosi, "Tear Down This Wall"
  • 2 days NYT:  The Supreme Court’s order (Re:  Trump’s tax returns) set in motion a series of events that could lead to the startling possibility of a criminal trial of a former U.S. president
  • 18 hours Chance for (Saudi)Arabian peninsula having giant onshore Gas too?
  • 1 day Disaster looming in UK offshore wind power
  • 2 days Wednesday Nikki Haley reached out to Trump for meeting at Mar-a-lago. Trump said No ! You blew it Nikki . . .
  • 16 hours “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 2 days Scientist clone endangered Black Footed Ferret from Ferret that died 30 years ago . It's a 100% exact genomic match.
John Daly

John Daly

Dr. John C.K. Daly is the chief analyst for Oilprice.com, Dr. Daly received his Ph.D. in 1986 from the School of Slavonic and East European…

More Info

The Global Hunt For Oil: Canadian Firm Drills First Exploration Well in Somalia

Energy companies are renowned for taking risks as they scour the globe for new opportunities.

That said however, Canada’s Vancouver, BC-based Horn Petroleum Corporation, a unit of Africa Oil Inc., is in a class by itself, having begun drilling operations in Somalia’s semi-autonomous northern Puntland state.

Somalia?

Which has not had an effective government since 1991?

Land of “Black Hawk Down,” pirates, battling militias, al Shabaab militants and U.S. drone strikes against the extremist group?

Yep.

On 17 January the company said in a press release that it is "pleased to announce the spudding (drilling) of the Shabeel-1 well on the Dharoor Block in Puntland, Somalia... operations have also commenced on the Shabeel North-1 well."

Horn Petroleum Corporation’s decision to take the gamble has clearly enthralled Puntland’s politicians - Puntland President Abdirahman Mohamed Farole opened the ceremony to commence drilling the Shabeel 1 well in the Dharoor block in northern Puntland and gushed that the well drilling was "a big day for the people of Puntland and Somalia in general. We will be no longer be begging people for resources after the drilling of the oil wells. Our young educated men and women will not suffer unemployment, everyone including ordinary labourers will have their opportunity. If the operation is successful in finding oil, it is an opportunity for the Puntland economy to grow helping…




Oilprice - The No. 1 Source for Oil & Energy News