Genel’s Somaliland drilling may slip to 2024
The UK-headquartered independent’s plans are now for the back end of next year or early the year after
Exploration of the SL10B13 licence in the Somaliland region of Somalia targeted for 2023 is at risk of slipping into the following year, the CEO of London-listed operator Genel Energy warns. “This is frontier exploration in a fairly remote location, and there are a lot of activities to get through before we actually start drilling,” says Paul Weir. “Drilling is scheduled for the end of 2023 or early in 2024.” But any delay is not dimming Genel’s excitement about the block’s potential. “This is a tremendous opportunity, a highly prospective block with multiple prospects and over 5bn bl of prospective resource identified already. “We have agreed on a first well location, which is targeting sta
Also in this section
3 May 2024
Upcoming elections are likely to deliver a win for the party of president Andres Lopez Obrador, but analysts differ over to what degree his successor will stick to his energy policies
2 May 2024
Faster-than-expected economic growth fails to mask macro imbalances and shifting structural oil product trends
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind