Somaliland enters into oil and gas production sharing contract with DNO

oil somaliland-cfiesler flickrThe company has planned an extensive seismic programme in the block next year. (Image source: cfiesler/Flickr)The government of Somaliland, the autonomous region of Somalia, has entered into an onshore oil and gas production sharing contract (PSC) covering Block SL18 with Norwegian company DNO International

DNO International has began studies on Block SL10 and has planned an extensive seismic programme for the block next year.

Hussein Abdi Dualeh, Somaliland’s minister of mining, energy and water resources, said, “We are delighted to be entering into this oil and gas exploration contract with DNO International. DNO is the third international oil company to acquire petroleum exploration acreage in Somaliland during the past three years and more companies continue to show interest in our hydrocarbon assets.

“In addition to its hydrocarbon reserves potential, Somaliland is strategically positioned to become a regional energy hub within East Africa, because of its geographical position, deep sea ports and long coastline.”

Bijan Mossavar-Rahmani, executive chairman of DNO International, said, “This 12,000 sq km block adds substantial exploration acreage to the company’s portfolio, and is both prospective and undrilled.”

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