Somalia aims to produce first oil in its history by end of year

[New World]

Here is the company behind the oil extraction. They are also looking into GAS .


https://coastlineexploration.com/hydrocarbon-industry-for-somalia

https://coastlineexploration.com/wp-content/uploads/2022/10/Coastline-signs-PSA-release-20.10.22.pdf

Here is the website and PDF.

What do you guys think about this?

 

[New World]

The website also has data about our oil however I've no idea how to read this
https://map.tgs.com/myTGSMap/Data-Library/Survey/Somalia-2D#-4.448654,53.292783,4z

 

[New World]

The US-based firm

 

[New World]

https://www.offshore-technology.com/news/somalia-exploration-deal-coastline/?cf-view

This article discusses the deal however it's from 2022..

 

[Aarka.]

The website says "The development phase will take several decades"

Several decades before we see profits from these productions.

 

[Hotchick12]

Lol they buy the rights and sell the rights for billions to actual oil companies