{"id":3113,"date":"2015-06-30T07:42:57","date_gmt":"2015-06-30T07:42:57","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=3113"},"modified":"2015-06-30T08:02:49","modified_gmt":"2015-06-30T08:02:49","slug":"africa-energy-withdraws-puntland-somalia-blocks","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/africa-energy-withdraws-puntland-somalia-blocks\/","title":{"rendered":"Africa Energy withdraws from Puntland, Somalia blocks"},"content":{"rendered":"

Africa Energy formerly Horn Petroleum Corp has announced that it has provided notice to the Puntland State of Somalia advising of its intention to withdraw from the January 2007 productions sharing agreements in respect of the Nugaal Block and the Dharoor Block, each made among the Company, the Government of Puntland and Range Resources, effective immediately.<\/p>\n

In its notice to the Puntland Petroleum and Minerals Agency, the Company cited the uncertainty of the current political climate in Somalia, especially in respect of the disagreement between the Federal Government of Somalia and the regional government of Puntland, Somalia over the legitimacy of the PSAs, and potential territorial claims<\/a> on the Nugaal Block, as the principal reasons for its decisions.<\/p>\n

Africa Energy had earlier halted exploration activities significantly reducing its activities in its Dharoor and Nugaal PSC areas pending\u00a0an agreement on the territorial claims.<\/p>\n

The company that holds a 60% interest and operatorship in the Dharoor and Nugaal blocks had also halted a planned seismic<\/a> acquisition campaign in the Dharoor Valley area which would include a regional seismic reconnaissance grid in the previously unexplored eastern portion of the basin as well as prospect specific seismic to delineate a drilling candidate in the western portion of the basin where an active petroleum system was confirmed by the most recent drilling at the Shabeel-1 and Shabeel North-1 locations.<\/p>\n

Other than the territorial dispute insecurity<\/a> had paralyzed oil and exploration in Puntland with many companies holding back activities until a solution<\/a> is sought.<\/p>\n

JV partner Range resources says that given the Company\u2019s focus on its core assets in Trinidad, Puntland is a non-core asset for Range, and Range had no value attributed to it on the balance sheet.<\/p>\n

Following its withdrawal the Canadian oil and gas company Africa Energy will continue to focus on its new corporate strategy of aggressively pursuing other upstream oil opportunities in Africa.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa Energy formerly Horn Petroleum Corp has announced that it has provided notice to the Puntland State of Somalia advising of its intention to withdraw from the January 2007 productions … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":1382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[2944,595,880,1089,1790,2102,2105,2122,2820,2819,2352,2356],"class_list":["post-3113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-africa-energy","tag-dharoor-block","tag-federal-government-of-somalia","tag-horn-petroleum","tag-nugaal-block","tag-puntland","tag-puntland-petroleum-and-minerals-agency","tag-range-resources","tag-shabeel-north-1","tag-shabeel-1","tag-somalia","tag-somaliland","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/puntlandoil.jpg?fit=640%2C423&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-Od","jetpack-related-posts":[{"id":2528,"url":"https:\/\/www.oilnewskenya.com\/index.php\/horn-petroleum-halts-exploration-puntland-somalia\/","url_meta":{"origin":3113,"position":0},"title":"Horn Petroleum halts exploration in Puntland, Somalia","author":"","date":"February 13, 2015","format":false,"excerpt":"Horn Petroleum Corporation\u00a0a subsidiary of Africa Oil has said it will significantly reduce its activities in its Dharoor and Nugaal PSC areas pending a resolution of the political situation between the Regional Government of Puntland and the Federal Government of Somalia regarding the legitimacy of oil concession contracts. The company\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/puntlandoil.jpg?fit=640%2C423&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/puntlandoil.jpg?fit=640%2C423&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/puntlandoil.jpg?fit=640%2C423&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":209,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africaoil-q3-operations-update-puntland-somalia\/","url_meta":{"origin":3113,"position":1},"title":"AfricaOil Q3 operations update – Puntland, Somalia","author":"Samuel Kamau Mbote","date":"December 9, 2013","format":false,"excerpt":"Dharoor Valley and Nugaal Valley Blocks The Company continues to evaluate the encouraging results of the two wells drilled in 2012 on the Dharoor Valley block which proved all the critical elements exist for oil accumulations, namely a working petroleum system, good quality reservoirs and thick seal rocks. Based on\u2026","rel":"","context":"In "Oil Politics"","block_context":{"text":"Oil Politics","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2013\/12\/africaoil.png?fit=280%2C273&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1598,"url":"https:\/\/www.oilnewskenya.com\/index.php\/horn-petroleum-prepares-for-seismic-acquisition-in-somalia\/","url_meta":{"origin":3113,"position":2},"title":"Horn Petroleum prepares for seismic acquisition in Somalia","author":"Samuel Kamau Mbote","date":"August 12, 2014","format":false,"excerpt":"Horn Petroleum which has working interest in the Dharoor Valley and Nugaal Valley exploration areas in Puntland has announced that it is now focused on making preparations for a seismic acquisition campaign in the Dharoor Valley area which will include a regional seismic reconnaissance grid in the previously unexplored eastern\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/08\/somalia-dharoor-valley.jpg?fit=800%2C616&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/08\/somalia-dharoor-valley.jpg?fit=800%2C616&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/08\/somalia-dharoor-valley.jpg?fit=800%2C616&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/08\/somalia-dharoor-valley.jpg?fit=800%2C616&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":2072,"url":"https:\/\/www.oilnewskenya.com\/index.php\/insecurity-political-issues-continue-to-haunt-exploration-in-puntland-somalia\/","url_meta":{"origin":3113,"position":3},"title":"Insecurity, Political issues continue to haunt exploration in Puntland, Somalia","author":"Samuel Kamau Mbote","date":"November 20, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Insecurity continues to paralyze oil and exploration in Puntland with many companies holding back activities until a solution is sought. 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Our\u00a0statement in regards to our Ethiopian operations is already on the front page of\u2026","rel":"","context":"In "Oil Politics"","block_context":{"text":"Oil Politics","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/puntlandoil.jpg?fit=640%2C423&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/puntlandoil.jpg?fit=640%2C423&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/puntlandoil.jpg?fit=640%2C423&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":4417,"url":"https:\/\/www.oilnewskenya.com\/index.php\/exit-from-somalia-ethiopia-blocks-cost-africa-oil-over-100-million-in-201415\/","url_meta":{"origin":3113,"position":5},"title":"Exit from Somalia, Ethiopia Blocks cost Africa Oil over $100 million in 2014\/15","author":"","date":"March 1, 2016","format":false,"excerpt":"Africa Oil which earlier said it has elected to not continue exploration activities in the Dharoor and Nugaal exploration blocks in Puntand, Somalia and Adigala Block in Ethiopia reveals this resulted to an impairment of $90.6 million and $5.8 million respectively. The fourth quarter financial and full year financial and\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/puntlandoil.jpg?fit=640%2C423&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/puntlandoil.jpg?fit=640%2C423&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/puntlandoil.jpg?fit=640%2C423&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/3113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=3113"}],"version-history":[{"count":2,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/3113\/revisions"}],"predecessor-version":[{"id":3115,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/3113\/revisions\/3115"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/1382"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=3113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=3113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=3113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}