London-listed Genel Energy, together with partners Petrosoma and Sterling Energy, has started a 2D seismic programme over the Odewayne block onshore southern Somaliland, meeting the minimum work commitment specified for the current third exploration period.
Initial results are expected late in the third quarter of this year, after which technical evaluation will start before the partners assess drillable targets, according to Sterling chief executive Eskil Jersing.
“Sponsored by the Ministry of Energy & Minerals, the survey will provide the first detailed sub-surface view in what is one of the Africa’s last, untested, frontier rift basins,” said Sterling.
Genel, which operates Odewayne with a 50% stake, hopes evaluation will reveal a billion-barrel oil play, similar in size to that targeted in neighboring blocks SL-10LB and SL-13 in central Somaliland.
By Barry Morgan