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Canadian Oil Chief In Puntland For Exploration
Issue 305
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Headlines

Jigjiga Officials Persecute Somalilanders

Religious Leaders From Somaliland, Somalia & East African Countries Hold Peace-Building Conference In Hargeysa

Somaliland Foreign Minister Sets The Record On Somaliland Delegation To Commonwealth Summit In Kampala, Uganda

Siyad Barre’s Security Court Prosecutor In 1981-1989 Has Been Appointed As Somalia’s New PM

When Your Only Weapon Is Shame

Badhan District In Eastern Sanag Embraces Somaliland

Canadian Oil Chief In Puntland For Exploration

Somali Opposition Dismiss Nomination Of New PM

US Concerned About Mounting Humanitarian Crisis in Somalia

Somaliland Security Forces Reach Border without Resistance

Somali president picks new prime minister

Five Nations Discuss Military Counterattack Against Somali Pirates

Dangerous Times for Africa

Regional Affairs

Haabsade warm welcome and his new political stand

Queen Praises Country for War On Aids and Somali Mission

Editorial
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International News

The doves of war

Security Council Rejects UN Chief's Opposition To UN Force In Somalia

Jarch Capital’s Sudanese Gambit

FEATURES & COMMENTARY

The U.S. secret war in the Horn of Africa

Somaliland: Religious Leaders' Declaration On Peace-Building

WHO DOES THE ONLF REPRESENT?

LETTER FROM CARITAS SOMALIA

The unreported destruction of Somalia

The Commonwealth and conflict
Don't dare put me in a box

Food for thought

Opinions

Somaliland: Will "The Change" Really Bring A Change?

Recent Statement By Meles Zenawi

Pro-Ethiopia—TFG Group’s Cunning Strategy Of Divide And Conquer

Somaliland And Our Arab Nations Brothers

Las-Anod, A Month Later

UDUB Resorts To Import Voters From Djibouti As Rehabilitating Nationals

Haabsade has brought a PR disaster to Hargeysa

Somaliland and the press law

 

NAIROBI, November 24, 2007 - A delegation from Canada's Africa Oil Corporation is visiting the Somali semi-autonomous region of Puntland to brief leaders on its planned oil exploration activities for next year, a statement from the region said Friday.

AOC chief Rick Schmitt President and two drilling experts arrived in the region on Thursday and held talks with Puntland President Adde Muse and government officials.

The team also visited the prospective basins in the Nogal and Dharoor Valleys in northern Somalia where the company is expected to drill four exploratory wells early next year, the statement said.

Puntland rulers and AOC, formerly known as Canmex Minerals Corporation, in January signed a Production Sharing Agreement despite opposition from local Somali clans.

The firm will spend 50 million dollars (34 million euros) in exploration expenditures.

Several other companies including China's CNOOC and China International Oil and Gas (CIOG) are reported to have signed agreements with Puntland, which was controlled by Abdullahi Yusuf Ahmed before he became Somali president in 2004.

The Horn of Africa nation, which has had no functioning central government since 1991, has attracted several foreign energy companies that are interested in prospecting for oil.

Before the country plunged into anarchy in 1991, when dictator Mohamed Siad Barre was ousted, geological exploration indicated that Somalia could have oil reserves given its proximity to the oil-rich Red Sea and Gulf of Aden.

A scramble for resources has fueled the complex Somali conflict that has defied numerous bids to restore a functional national administration.

Source: AFP


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