Somalia's Ministry of Petroleum and Mineral Resources strongly condemns Genel Energy’s illegal activities in Somalia and warns the potential risks to its investment and legal ramifications of carrying out illegal exploration in Somalia.
Somalia’s government has been monitoring what it calls 'illegal petroleum operations in the northern regions of Somalia', by Genel Energy and has 'rejected Genel Energy's claim to own petroleum rights in Somalia's northern regions' - known as Somaliland.
THe Federal Government of Somalia said 'it categorically rejects Genel Energy's claim to own petroleum rights in Somlia's northern regions and calls upon Genel Energy to cease its illegal claim to own petroleum rights and to conduct petroleum operations in violation of Somalia's sovereignty, territorial integrity and unity'.
Announcing an update on its operations in Somaliland on November 3 2022, Genel reported the following:
- Following the successful farm-out in December 2021, preparation continues for the drilling of a well on the highly prospective SL10B13 block (51% working interest and operator)
- The Toosan prospect contains stacked Mesozoic reservoir objectives, with multiple individual prospective resource estimates each ranging from 100 to 200 MMbbls
- The geotechnical survey will begin this month, supporting the plan for the construction of the well pad. Environmental and social impact assessments will begin before the end of 2022, and tendering has commenced for the rig and well services, ahead of a targeted spud date around the end of 2023/early 2024
Click here for Ministry of Petroleum and Mineral Resources announcement
Source: Somalia Ministry of Petroleum and Mineral Resources/ energy-pedia
