Tag: Oil

Oilmen ready for risky push into Somalia

Foreign companies are getting ready to undertake the risky business of exploring for oil in war-torn Somalia, a quest that could trigger new conflict as the Western-backed government struggles to stop die-hard Islamist insurgents.

Turkish oil firm Genel to explore in Somalia from 2013

NAIROBI, Oct 30 (Reuters) – Turkish oil and gas company Genel Energy Plc plans to conduct seismic work in northwestern Somalia early next year and drill its first well in the second quarter of 2014 and another well in 2015, company officials said.

Somalia favours firms with pre-1991 deals for oil exploration

LONDON - Somalia, hoping to share in East Africa's oil and gas boom, has invited back international oil companies that held exploration licences before civil war broke out two decades ago, an adviser to the government said.
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