As Somalia announces plans to open its first offshore exploration license round in 1Q 2017, explorers analyzing new seismic data have recognized the potential of finding reserves to match those of its neighbors in East Africa.
Hon. After discussion with our partners in South Africa and key stakeholders in the oil and gas community, we have made a collective decision to reschedule Africa Oil Week 2020 to 1-5 February 2021.For more information, please read here.
Companies looking for opportunities for acreage in Africa should head to Cape Town for the 23rd Africa Oil Week. Africa has recorded 934,558 cases, 19,752 deaths and 585,567 recoveries, according to a Reuters tally.On Sunday, Victoria reported 671 infections, one of its highest, and seven COVID-19 deaths. Resources.
30 ministries are taking part this year, with over 20 presenting.
A pioneer on the web since 1996, Africa Intelligence is the leading news site on Africa for professionals. Coronavirus - Rwanda: Robots use in Rwanda to fight against COVID-19 Somalia to Implement Oil, Mining Framework June 18, 2018 Mogadishu — The Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia has drafted regulations to manage the country’s petroleum and mineral resources sectors, especially in regard to … Mr Ahmed is attending Africa Oil Week 2019 in Cape Town this November. This is the best chance to get insider knowledge on key opportunities, legislation changes, bidding rounds and more – direct from the companies and government intimately involved in leading them.Here are some highlights of the National Roadshows and Bidding Rounds happening this year.Sierra Leone will be announcing details of a new bidding round at Africa Oil Week 2019.Led by the Minister of Mineral Resources Hon. Africa Oil has transitioned to a full cycle E&P growth vehicle with production, cashflow, world-class development as well as significant exploration upside.
Africa Newsroom offers the latest Africa-related news releases & official statements issued by companies, governments, international organizations, NGOs & the UN. With oil and mines minister Mohamed Mukhtar Ibrahim under pressure to [...] Do not hesitate to create your own notifications according to your interests : better criteria narrows down the results.You can modify or delete your notifications or summaries in your account. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. An agreement has already been reached with Shell and ExxonMobil to settle rental fee payments for offshore blocks (part of a dormant joint venture).However, it does not seem that either of the companies is rushing back into the country, with Shell stating that “the payment does not affect force majeure status, which remains in place.”Despite this, Mr Ahmed has reason to hope that investment will begin to flow into Somalia.Seismic surveys conducted by British companies, Soma Oil & Gas and Spectrum Geo, suggest the country has promising offshore oil reserves of up to 100 billion barrels.What is more: recent oil finds in Uganda and huge gas discoveries offshore Tanzania and Mozambique mean that oil companies have flocked to East Africa in recent years, and Somalia could well become a beneficiary of this trend.The summit’s Director of Government Relations, Paul Sinclair, commented, “We are working closely with the Minister to ensure that the global private sector benefits from exclusive opportunities going live in a Somali National Showcase at Africa Oil Week.” Abdirashid Mohamed Ahmed, Somali Minister of Petroleum and Mineral Resources, will lay out the future of Somali oil & gas for an international audience of financiers and operators this November.“This year is a landmark year in the development of Somalia’s natural resources,” Minister Ahmed said.