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Seismic suspended on Somaliland security concerns

Seismic suspended on Somaliland security concerns

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Market Briefing
Published: September 2013
Pages: For full details, please email keithw@cmsinfo.com
Tables: For full details, please email keithw@cmsinfo.com
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Research from: energy-market-research.info
Sector: Blog

Security concerns are being cited as Genel Energy, the Nathaniel Rothschild-backed exploration company run by former BP chief executive Tony Hayward, has withdrawn its staff from Somaliland.

This week's issue of African Energy notes that the territory itself has been untroubled by terrorist attacks in recent times, this may have been a response to broader concerns about the Somalia-based Islamist group Al-Shabaab which launched a devastating attack on Nairobi’s Westgate shopping centre in late September. Genel was carrying out seismic operations.

African Enery quoted Somaliland minister of minerals and energy Hussein Abdi Dualeh as saying that there was no evidence that there is a lack of security, telling the journal: "There is no change in security status,no incidents,nothing to say that there has been an increase."

Genel had been in the process of acquiring 4,000km line 2D seismic for its two production-sharing contracts (PSCs), having completed acquisition and interpretation of gravity and aeromagnetic surveys covering its 40,000km2 acreage. The minister added that three other companies had PSCs and continued to operate normally.

To learn more about Africa Energy...or claim a risk-free no-obligation 3-issue trail subscription, click here.

Regards

Keith Wallace
energy-market-research.info

See also:

Oil & Gas Map of the Middle East & Africa, 2nd edition
Published by Petroleum Economist Ltd. in January 2011
A guide to the oil & gas industry in the Middle East & Africa - this map features: Mapping: Digital topography and bathymetry Mapping content: Major oil and gas fields, major oil and gas pipelines, LNG plants, oil refineries, LPG storage sites and tan...(more)

Energy Map of Africa 2008 (energy map/wallchart) :: Petroleum Economist
Published by Petroleum Economist Ltd. in May 2008
A definitive guide to the continent\'s infrastructure Mapping content: Onshore and offshore pipelines (crude, gas and oil products), including existing, under construction and planned or proposed Major oil and gas fields  Crude oil import/export terminals, oil...(more)

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