The leading independent portfolio management consultancy specialising in Acquisition, Advisory & Divestment Services for the upstream international oil and gas community.

Onshore Somaliland

Block SL10B/13

Genel Energy Somaliland Limited (“Genel”) is offering a select group of companies the opportunity to acquire an interest in the highly attractive Block SL10B/13, onshore Somaliand.

Key points:

  • An opportunity to acquire a material position in one of East Africa’s last remaining under-explored rift basins, with secured first-mover advantage and the benefits of a basin-scale acreage position;

  • Potential in Block SL10B/13 for a Yemeni equivalent “Billion Barrel Plus” fairway within a regionally proven petroleum system, and the potential with a play-opening discovery for repeatability on a very large scale;

  • Participate in a high-impact exploration well on the preferred exploration target, the Toosan Prospect, a greater four-way dip closure with stacked reservoir targets and gross mean prospective recoverable resources of c.1,700 MMbbls;

  • Opportunity for a variety of commercialisation options including trucking and pipeline evacuation of oil to the deepwater port at Berbera (150 km north);

  • Favourable fiscal terms governed by a Production Sharing Agreement in one of Africa’s most politically stable regions of the past 28 years, now benefitting economically from an upturn in Foreign Direct Investment.

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Contact us for more details: Phone: + 44 (0) 20 7493 1977
                                             Email: info@stellarlimited.com

 

 

 
 
 
 
 
 
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