Turkey signs oil and gas exploration deal with Somalia

have we ever had a seismic research before turkey ?
Only 2d done by a Norwegian company. The turks are doing 3D, last research before drilling.

 
Only 2d done by a Norwegian company. The turks are doing 3D, last research before drilling.

what is that company Coastline Exploration doing they had deals with the government since 2020,
 

ZBR

سبحان اللهِ وبحمدِه Free Palestine
The only way Somalis can really benefit from this is if they build refineries and chemical companies that that buy oil from the shareholders and process downstream products instead of just exporting raw crude
 
they better not get those future oil profits to pay for amisom but i’m afraid it will head there
I think we are very long way from oil money . maybe 10 years if we lucky. have do the surveys then people analyze it. Do the engineering for accessing the area which involves calculating depth different rock types. Then you have to procure all the equipment. then you need plan to haul the oil. a lot of time which is done by pipe to save costs from rig to shore. barges and ships are sometimes used too.

if any of it done wrong you can have environmental disaster so its best to take it slow and steady. of course all this hinges on us finding oil that can be extracted profitably. Not all oil falls under this category and many sit underground for decades until prices increase or technology gets better

 
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@Jungle Do you know what is the oil profit split between FMS/FGS/local district administration? two of the three blocks are located in Waceysle lands. Hope they are able to fully benefit from it.
 
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Avalanche

Guul iyo Gobanimo
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the three oil blocks are off the coast of Mareeg, Cigo and Hobyo as stated by the FGS themselves. Our federal system is based on clan lines ffs. Why would this be any different? :drakelaugh:
Wouldn't it go to the state then, and not any degmo. Why would it go as if there's degmo in the water :russ:
 
the three oil blocks are off the coast of Mareeg, Cigo and Hobyo as stated by the FGS themselves. Our federal system is based on clan lines ffs. Why would this be any different? :drakelaugh:
having clan land is one thing but claiming the sea is pure fantasy and you have no way to enforce it :ftw9nwa::ftw9nwa::ftw9nwa:
 
Wouldn't it go to the state then, and not any degmo. Why would it go as if there's degmo in the water :russ:
I vaguely remember a source say the local district administration gets a small percentage. Might be mistaken but good idea if so.

Warya Mr Mursade i see through you. Your jealous that your landlocked :ufdup:
 
@Jungle Do you know what is the oil profit split between FMS/FGS/local district administration? two of the three blocks are located in Waceysle lands. Hope they are able to fully benefit from it.
I believe it’s 10% for offshore oil and 20% for onshore. FGS way too generous for offshore imo. They should’ve pocketed at least 60% if not 65%.
 

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