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  • Which oil companies are exploring in Somalia?
  • International oil companies including Chevron, Eni, ExxonMobil and Shell began exploring in Somalia in the 1950s but bolted when the country erupted in civil war in 1991. Today, though, Houston-based Coastline Exploration is leading a renewed charge, having acquired seven offshore blocks from Somalia's federal government in 2022.
  • Is Somalia a 'Final Frontier' for global oil & gas development?
  • There has been renewed interest in exploration plays in Somalia, one of the final frontiers for global oil and gas development, with energy security back on the political agenda in the East African country following years of conflict and instability. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
  • How many barrels of crude are there in Somalia?
  • According to 2D seismic conducted by TGS in 2014, there could be 30 billion barrels of crude across 15 blocks initially offered by Somalia's government. The Russian invasion of Ukraine has prompted discussions of energy security in Africa, where electricity access is low.
  • How difficult is it to operate in Somalia?
  • Operating in the region can nevertheless be challenging. In the northern breakaway region of Somaliland, London-listed Genel Energy has drawn the ire of Somalia's federal government by acquiring blocks from the local government, potentially containing 5 billion barrels of oil.
  • Does coastline exploration have a future in Somalia?
  • Today, though, Houston-based Coastline Exploration is leading a renewed charge, having acquired seven offshore blocks from Somalia's federal government in 2022. The US minnow is entertaining farm-in proposals for its wildcat plays in the country, but is not dependent on future partners, CEO Richard Anderson told S&P Global Commodity Insights.
  • Will ExxonMobil return to Somalia?
  • Coastline, which paid $7 million for the blocks, will begin 3D seismic in November, Anderson said, with a view to drilling in mid-2025. Meanwhile ExxonMobil and Shell were said to be considering a return to Somalia, which sits on a vital international shipping chokepoint.