Project Profile
Value: US$110 million
Start-up Year: 2014
Location: Puntland, Darin Basin, Somalia
The exploration Blocks 28 and 29 are located in the Nogal Graben and Blocks 31 and 34 are in the Darin Basin. The drilling data from the already acquired in the 1990\'s suggests the exploration acreage could have a high potential. Conoco gathered data indicated that the Nogal Valley Basin contained \'abundant oil shows, thick porous reservoirs, large structures and an excellent regional seal\'. Range does not however have complete data sets on the Nogal-1 and Kalis-1 wells. Somalia has had no functioning central government since 1991, leading Puntland to set itself up as a self-governing entity. The Horn of Africa nation has nevertheless attracted several foreign energy companies that are interested in prospecting for oil.
Operators:
Horn Petroleum (Africa Oil): Operator and 60% interest
Range Rescources Oil Company, Inc.: 20% interest (Operator of Nugall Block with 100% working interest)
Red Emperor Resources NL: 20% interest
-Lion Energy\'s interest was acquired by Africa Oil.
Contractor:
Sakson Drilling and Oil Services: Drilling contractor