Somalia | Oil, Gas & other Exploration News

[juzme123]

Originally Posted by Vakai

Good questions. I am especially curious and hoping for an answer to the latter question.

Has already been answered. read my previous comments.

[abesha]

Juzme, I can't speak for Butembo, but I think he means in terms of resource distribution. In a federal situation, the region that produces the oil will generally get a higher portion of the revenues, and the rest is given to the other regions. If Puntland has oil and other regions don't, that region will develop a lot faster than others. Won't that create rivalry or resentment in non-oil regions? That's how I understood his question.

[juzme123]

Originally Posted by abesha

Juzme, I can't speak for Butembo, but I think he means in terms of resource distribution. In a federal situation, the region that produces the oil will generally get a higher portion of the revenues, and the rest is given to the other regions. If Puntland has oil and other regions don't, that region will develop a lot faster than others. Won't that create rivalry or resentment in non-oil regions? That's how I understood his question.

Let Butembo explain what he meant. There is already an agreement inplace according to the "federal charter". There are oil seeps and various minerals in Somaliland. There is confirmed gas and likely oil in southern Somalia.

If anything if oil is found it will be a catalyst for peace. Somalis are entrepreneurial and when you add on the involvement of the major world powers once oil/gas is found, the place will be stabilised soonse than you can say "injeera". Somaliland will emmediately be overwhelmed with interested companies/countries.

"Won't that create rivalry or resentment in non-oil regions" - again this is pure speculation or wishful thinking. It is a very superficial and simplistic analysis. To keep it brief: it will be an incentinve to calm things down in their respective regions if there might be oil to be explored. Somaliland will want to maintain its prized peace/development so it wont start anything. Al-shabab/south somalia cannot do anything to puntland since they have failed to even budge the puntland border for years - it would be certain less likely if puntland has oil wealth/ resource hungry foreign actors behind it.

[xJamaax]

Originally Posted by juzme123

Go to the nearest mentally defecient peoples clinic and get treated. Do you honestly believe hardware and troops are transported using camels and donkeys... dont waste my time

The point is, those donkeys are Al-Shabaab's assets, they may not be using them to transport weapons but they obviously use them for other needs.

They are just part of Al-Shabaab's assets that need to be confiscated. The KDF will just be keeping them.

[BUTEMBO21]

Originally Posted by juzme123

Let Butembo explain what he meant. There is already an agreement inplace according to the "federal charter"..

She just explained what i was trying to say.

Shall oil start flowing in Puntland. it means lots of cash for that region. Somaliland (since its very peaceful and democratic) will rush to invite Oil explorers in it region. So will Southern Somalia because it wont like to stay behind other regions. Knowing Somalis are business minded and somehow strong Federalists.

In Federal nations, every region love that pride of being the shining star of the nation. This is likely even to bring an end to wars. A new Generation of Somalis is coming up. Times change, so does people. the old generation is aging to retirement. countries are changing and Somalia having a big diaspora , its so hungry to see the country at peace. and almost everyone of them is aware of the massive potentials the country sleeps on.

[abesha]

Originally Posted by juzme123

Let Butembo explain what he meant. There is already an agreement inplace according to the "federal charter". There are oil seeps and various minerals in Somaliland. There is confirmed gas and likely oil in southern Somalia.

If anything if oil is found it will be a catalyst for peace. Somalis are entrepreneurial and when you add on the involvement of the major world powers once oil/gas is found, the place will be stabilised soonse than you can say "injeera". Somaliland will emmediately be overwhelmed with interested companies/countries.

"Won't that create rivalry or resentment in non-oil regions" - again this is pure speculation or wishful thinking. It is a very superficial and simplistic analysis. To keep it brief: it will be an incentinve to calm things down in their respective regions if there might be oil to be explored. Somaliland will want to maintain its prized peace/development so it wont start anything. Al-shabab/south somalia cannot do anything to puntland since they have failed to even budge the puntland border for years - it would be certain less likely if puntland has oil wealth/ resource hungry foreign actors behind it.

How is it superficial? Oil in a poor country is not known for its stabilizing properties, but rather for its potential to create power struggles and instability. It's a valid question.

[juzme123]

Originally Posted by BUTEMBO21

She just explained what i was trying to say.

Shall oil start flowing in Puntland. it means lots of cash for that region. Somaliland (since its very peaceful and democratic) will rush to invite Oil explorers in it region. So will Southern Somalia because it wont like to stay behind other regions. Knowing Somalis are business minded and somehow strong Federalists.

In Federal nations, every region love that pride of being the shining star of the nation. This is likely even to bring an end to wars. A new Generation of Somalis is coming up. Times change, so does people. the old generation is aging to retirement. countries are changing and Somalia having a big diaspora , its so hungry to see the country at peace. and almost everyone of them is aware of the massive potentials the country sleeps on.

Thanks for clarifying. I agree with most of what you have said. We will need to wait and see.

[xJamaax]

Originally Posted by abesha

How is it superficial? Oil in a poor country is not known for its stabilizing properties, but rather for its potential to create power struggles and instability. It's a valid question.

This was actually one of the points I was talking about.

I told them that it's still not the right time for Somalia to be able to manage it's own oil because the country as a whole is still not secure enough and even though places like Puntland are peaceful, the discovery of oil will have an impact on how the different militia groups operate and they could possibly relocate to these peaceful areas. I also mentioned that I dont think the current forces are capable to deal with them effectively.

[juzme123]

Originally Posted by abesha

How is it superficial? Oil in a poor country is not known for its stabilizing properties, but rather for its potential to create power struggles and instability. It's a valid question.

Well the difference is that Somaliland and Puntland pretty much have a monopoly of power in their regions. Also it is not just one region that is likely to have oil, it is many regions. Your statement might have held true were there one region with oil and the other regions without. Furthermore, the governnig bodies of both puntland & somaliland have the backing of their respective localities.... so I don't know who would be struggling for power.

Also I explained my reasoning pretty clearly. it will be an incentinve for everyone to calm things down in their respective regions if there might be oil to be exploited. Somaliland will want to maintain its prized peace/development so it wont start anything. Al-shabab/south somalia cannot do anything to puntland since they have failed to even budge the puntland border for years - it would be certain less likely if puntland has oil wealth/ resource hungry foreign actors behind it.

We will wair and see, everything else is just speculation.

[juzme123]

d/p

[juzme123]

d/p

[Xusein]

I've deleted the troll posts and moved the topic in the existing Somalia resources thread so we can have a REAL discussion on this.

Please keep the trolling outside, kthxbye.

[Janub]

"Oil brings violence and bloodshed to poor countries?" Really, and I thought people brought violence and bloodshed to poor countries?

Was the UAE not poor before oil? Was not Saudi Arabia? Was not Kuwait? Was not Qatar? Was not Oman? Those poor bastards managed it well, so why not Somalis?

Explain to me how a region in Somalia that is far more socially and intellectually advanced than those Arab countries TODAY let alone 50-100 years ago, is going to falter because of oil? Present poverty is not an indication of post-oil failures. This is a region, that despite being thrown into sudden anarchy 20 years ago resolved its differences and built a working society literally overnight, I think they know what they're doing and I think they'll accomplish more with their future wealth than any examples we've yet seen.

[Xusein]

Horn Petroleum Commences Drilling in Puntland, Somalia

VANCOUVER, BRITISH COLUMBIA, Jan 16, 2012 (MARKETWIRE via COMTEX) -- Horn Petroleum Corporation CA:HRN +1.14% ("Horn Petroleum" or the "Corporation") is pleased to announce the spudding of the Shabeel-1 well on the Dharoor Block in Puntland, Somalia and is currently preparing to drill ahead to a total planned maximum depth of 3800 meters. Drilling operations have also commenced on the Shabeel North-1 well with the setting of the 30 inch surface casing and the drilling of a 50 meter pilot hole. Please see attached photos.

To see the photos associated with this press release, please visit the following link: http://media3.marketwire.com/docs/hrn116i.pdf .

The Sakson 501 rig will be used to drill both wells which are expected to take approximately 90 days each for drilling and evaluation. These two wells satisfy the first exploration period minimum work obligations of the Production Sharing Contracts for both the Dharoor and Nugaal Blocks. They are the first oil exploration wells to be drilled in over 20 years in the country.

http://www.marketwatch.com/story/hor...lia-2012-01-16

[Janub]

Found this on their website.



For those who are unsure of Puntland's position in all of this, their leaders have expressed on hiiraan.com that the oil will serve all of Somalia and not just one region. They've stated that a working federal framework is the best guarantee that all Somalis will get a fair share of the resources.

[Xusein]

Originally Posted by Janub

"Oil brings violence and bloodshed to poor countries?" Really, and I thought people brought violence and bloodshed to poor countries?

Was the UAE not poor before oil? Was not Saudi Arabia? Was not Kuwait? Was not Qatar? Was not Oman? Those poor bastards managed it well, so why not Somalis?

Explain to me how a region in Somalia that is far more socially and intellectually advanced than those Arab countries TODAY let alone 50-100 years ago, is going to falter because of oil? Present poverty is not an indication of post-oil failures. This is a region, that despite being thrown into sudden anarchy 20 years ago resolved its differences and built a working society literally overnight, I think they know what they're doing and I think they'll accomplish more with their future wealth than any examples we've yet seen.

Good point. Gulf states were nothing before they had oil. Poorer than Africa. Now look at them today. Ultimately it is a reflection of the leadership. The leaders have a good opportunity to set things right and start a new chapter. I hope they take it.

[Janub]

Definitely, its all about leadership. Puntland's leadership, and in general the leaders of all of Somalia's region-states and TFG, are better-educated than any present or past Gulf leaders, so I can't see how Somalis will fail where the Arabs did not. The present culture of Somalia is very democratic and much more open than the cultures prevailing in states from Kuwait to Angola, so once again I fail to see how some people can so wrongly assume that Somalis are bound to fuck things up when in fact the leaders of Somalia today and the current tradition of governance (where it does exist) is far healthier than most countries in the world.

[abesha]

Originally Posted by Janub

For those who are unsure of Puntland's position in all of this, their leaders have expressed on hiiraan.com that the oil will serve all of Somalia and not just one region. They've stated that a working federal framework is the best guarantee that all Somalis will get a fair share of the resources.

It's great that they're stating their position from the very beginning.

Yes, whether resources are a curse or a blessing is purely a question of leadership.

[The Nomadic Warrior]

[The Nomadic Warrior]