South Somalia's first-ever offshore licensing round this August

[OTF]

"he Federal Government of Somalia (FGS) has demarcated 15 blocks to be offered in its controversial offshore licensing round, with technical partner Spectrum Geo estimating the acreage could hold 30 billion barrels of potential oil resources.

The blocks are located off four states — Jubbaland, South West, Hirshabelle and Galmudug — and were revealed for the first time at a roadshow in London last week that attracted representatives from oil companies, including BP, Anadarko, Shell, Exxon and Turkish Petroleum."

Commenting on the acreage being offered, Spectrum’s director of geosciences Karyna Rodriguez said: “These are the most prospective blocks. There is not one state that does not have a lot of opportunity and there isn’t one block that does not have prospectivity.

“We have a total of at least 30 billion barrels of unrisked oil potential,” she added.

Rodriguez said Spectrum’s work indicates strongly that the acreage is oil prone — based on source rock studies, oil slicks and seep mapping and a thorough evaluation of 2D seismic data — and she went on to highlight multiple different play types.

The play types include a Jurassic carbonate complex with 6 billion barrels of resource potential and a Cretaceous carbonate play that may house 2.5 billion barrels of oil.

More than 200 tilted-fault block leads have been identified, with 10 of those each holding potential resources larger than 500 million barrels.

More than 60 near-shore anticline leads have been mapped with as much as 500 million barrels of resources individually.

Tertiary and Cretaceous toe-thrust leads have also been identified as well as outboard, transgressional anticlines and other anticlines.

the majority are in Hawiye areas

 

[codewebsduh]

Timeline?

 

[Galmudug-State]

30 billion is nothing. I hope we have at-least 100 billion. Oh Allah give us oil, we suffered so much.

 

[Ras]

30 billion is nothing. I hope we have at-least 100 billion. Oh Allah give us oil, we suffered so much.

Just saving this for when my grandkids ask me why we were such a shithole for decades

 

[AbdiGeedi]

Timeline?

It often takes years if not decades to develop a drill site. With the global pandemic stunning the oil and gas demand worldwide, it will be a long wait before Somalia sees revenues.

 

[OTF]

Timeline?

1 year for the licensing rounds. 3-6 years before the first barrel hit the market.

 

[Marshall D Abdi]

Watch out for democracy people

 

[OTF]

It often takes years if not decades to develop a drill site. With the global pandemic stunning the oil and gas demand worldwide, it will be a long wait before Somalia sees revenues.

Ur not wrong. Reaching Full capacity will takes decades. But to actually start producing crude oil/gas only takes few years. check out Egypt's giant Zohr field. https://en.wikipedia.org/wiki/Zohr_Field. It only took them 4 years.

 

[Jiron]

I believe once we all start eating good and developing every region of the country because of our resources. Our suffering will come to a halt and this hate and clan division will be replaced by love and inclusiveness

 

[OffTheDome]

Why are Somalians so eager for oil? It take years if not decades to develop a drill site especially in a country like Somalia. Also say good bye to democracy once that oil turns into revenue. So I urge my fellow Somalian neighbors to take their time with their natural resources and go focus on more important issues, like liberating land and defeating AS and stopping and apprehending those who are illegally fishing in Somalian waters.

 

[Somali Napolean]

We need to also start looking into light and heavy industry and start incentivizing business ventures into their. Remaping of the banks are needed first, hopefully we can achieve self sufficiency this decade and start exporting to other nations. May be too far fetched however with somalias social climate.

 

[OTF]

Why are Somalians so eager for oil? It take years if not decades to develop a drill site especially in a country like Somalia. Also say good bye to democracy once that oil turns into revenue. So I urge my fellow Somalian neighbors to take their time with their natural resources and go focus on more important issues, like liberating land and defeating AS and stopping and apprehending those who are illegally fishing in Somalian waters.

U said it ur self. It will take years so why not start right now?? The army is fighting AS as we speak so why delay it??Boko haram controls a whole state in Nigeria so am guess they should stop producing oil than. “Also say good bye to democracy once that oil turns into revenue” lmao We should stay poverty forever or else the boogeyman siad barre will come back again.....

 

[Yahya]

"he Federal Government of Somalia (FGS) has demarcated 15 blocks to be offered in its controversial offshore licensing round, with technical partner Spectrum Geo estimating the acreage could hold 30 billion barrels of potential oil resources.

The blocks are located off four states — Jubbaland, South West, Hirshabelle and Galmudug — and were revealed for the first time at a roadshow in London last week that attracted representatives from oil companies, including BP, Anadarko, Shell, Exxon and Turkish Petroleum."


the majority are in Hawiye areas

Y'all got 20 yrs to squeeze out 600bn before the oil prices plummet so good luck.

 

[Yahya]

Just saving this for when my grandkids ask me why we were such a shithole for decades

Well it's a game called geopolitics. Turns out having oil, being Muslim and having a strategic location on the red sea is detrimental.

Maybe we gotta ass kiss for a little while like China and turkey till we get our own weapons and satelites.

 

[Djokovic]

It often takes years if not decades to develop a drill site. With the global pandemic stunning the oil and gas demand worldwide, it will be a long wait before Somalia sees revenues.


Oil demand is quite high atm and oil companies don’t think about the present when investing they think about the future

 

[Ras]

Well it's a game called geopolitics. Turns out having oil, being Muslim and having a strategic location on the red sea is detrimental.

Maybe we gotta ass kiss for a little while like China and turkey till we get our own weapons and satelites.

We tried in the past and failed to keep it up.

So many examples of why these powers wouldn't trust us with a handshake forget some actual weapons.

 

[Yahya]

We tried in the past and failed to keep it up.

So many examples of why these powers wouldn't trust us with a handshake forget some actual weapons.

Hence where the Russians come in. They got an economy dependant on weapons sales and have no morals whatsoever. They don't give af if some ppl genocide each other.

They also hate the west from time to time and just spite them for the Lols. Just don't trust them to back you against your neighbouring country.