Liberty affiliate Petro Quest Africa will conduct exploration drilling in blocks 131, 190 and 206.
The deal was signed by Somali Minister of Petroleum & Mineral Resources Abdirizak Omar Mohamed and Liberty Petroleum CEO Lane Franks.
“We are aware of the responsibility that now lies on our shoulders to explore and hopefully develop the petroleum resources within these blocks in a manner that delivers maximum benefit to the people of Somalia,” Franks was quoted as saying.
Liberty Petroleum specialises in acquiring high-impact offshore exploration licences worldwide, according to its website. Its chief focus has been Australia, where it has interests in 10 licences, operating two.
Somalia has seen substantial drilling onshore, but its offshore has hosted only two wells, both in shallow waters.
ADNOC has signed a 15-year heads of agreement for the supply of 600,000 tpy of LNG to German energy company… Read More
TotalEnergies and ConocoPhillips have reached first oil production at the North Sea's USD 1 Read More
Equinor has acquired a 45% stake in two lithium project companies in the USA from Standard Lithium, the Norwegian energy… Read More
Seadrill has been awarded two drillship contracts in South Korea and the US Gulf of Mexico worth a total value… Read More
The World Bank has granted Namibia a $138 Read More
PetroVietnam exploration arm PVEP has announced two oil finds with combined initial reserves of 100 Read More
This website uses cookies.