Somaliland is a de facto sovereign state but still officially part of Somalia
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
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
28 April 2026
Datacentres will guzzle power at a ferocious rate, but the impact on wider energy markets will be far more complex than previously thought
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
