{"id":4878,"date":"2016-07-28T12:44:26","date_gmt":"2016-07-28T12:44:26","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=4878"},"modified":"2017-01-24T20:42:40","modified_gmt":"2017-01-24T20:42:40","slug":"2d-seismic-in-onshore-odewayne-psc-somaliland-pushed-to-q4-early-2017","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/2d-seismic-in-onshore-odewayne-psc-somaliland-pushed-to-q4-early-2017\/","title":{"rendered":"2D Seismic in onshore Odewayne PSC Somaliland Pushed to Q4, Early 2017"},"content":{"rendered":"

The acquisition of 2D seismic in the large onshore Odewayne PSC block will commence in late 2016, early 2017 according to operator Genel Energy.<\/p>\n

Although 2D seismic acquisition is already carried by Genel Energy Somaliland Limited for all exploration costs during the current third, and subsequent fourth exploration period an agreement with Somaliland government will see the government acquire the data by contracting with an international seismic contractor and the operator will purchase data.<\/p>\n

The seismic exercise earlier been planned for the second quarter is expected to open up the region which has been highlighted as a potential oil province due to its similarities to the productive rifts in Yemen and the presence of localized oil seep.<\/p>\n

\"somaliland\"<\/a><\/p>\n

The Odewayne basin is considered to be sufficiently deep for source rocks to be mature for oil generation and extensive oil seeps have been observed on block indicating a working hydrocarbon system.<\/p>\n

No seismic data has been acquired to date and the Block remains undrilled but the scale of the basin and comparison with analogue basins suggests potential for developing a significant portfolio of potentially drillable structures.<\/p>\n

Gravity and aeromag has already been acquired and interpreted over the entire 40,000 square km acreage.<\/p>\n

The seismic operations in Somaliland have been temporarily suspended for a while due to deterioration in the\u00a0security<\/a>\u00a0environment.<\/p>\n

Operator estimates of the potential of the basin are in the order of 1Bn bbls.<\/p>\n

The holders of the PSC are:\u00a0Genel Energy Somaliland Limited (Operator) 50%,\u00a0Sterling Energy (East Africa) Limited 40%,\u00a0Petrosoma Limited 10%.<\/p>\n","protected":false},"excerpt":{"rendered":"

The acquisition of 2D seismic in the large onshore Odewayne PSC block will commence in late 2016, early 2017 according to operator Genel Energy. Although 2D seismic acquisition is already … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":1015,"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":[26,976,4726,4727,2356,2409],"class_list":["post-4878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-2d-seismic","tag-genel-energy","tag-odewayne-psc-block","tag-petrosoma-limited","tag-somaliland","tag-sterling-energy","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/05\/somaliland1.jpg?fit=520%2C517&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1gG","jetpack-related-posts":[{"id":5064,"url":"https:\/\/www.oilnewskenya.com\/index.php\/genel-energy-receives-2-year-extension-at-the-odewayne-production-sharing-agreement\/","url_meta":{"origin":4878,"position":0},"title":"Genel Energy Receives 2 year extension at the Odewayne Production Sharing Agreement","author":"","date":"August 22, 2016","format":false,"excerpt":"Sterling Energy has announced that the Government of the Republic of Somaliland has granted the operator Genel Energy \u00a0a further 2 year extension to the current period of the Odewayne Production Sharing Agreement (PSA). The expiry dates of the relevant exploration periods under the PSA shall now be: Third Period:\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\/05\/somaliland1.jpg?fit=520%2C517&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1014,"url":"https:\/\/www.oilnewskenya.com\/index.php\/sterling-energy-announces-completion-of-farm-in-to-odewayne-block\/","url_meta":{"origin":4878,"position":1},"title":"Sterling Energy announces completion of farm-in to Odewayne Block","author":"Samuel Kamau Mbote","date":"May 12, 2014","format":false,"excerpt":"Sterling Energy has announced that completion has now occurred under the Farmout Agreement with Jacka Resources Somaliland for the acquisition of an additional 15% interest in the Production Sharing Contract (PSC) for the Odewayne Block, located onshore in the Republic of Somaliland. The holders of the PSC are now:\u00a0Genel Energy\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\/05\/somaliland1.jpg?fit=520%2C517&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6168,"url":"https:\/\/www.oilnewskenya.com\/index.php\/odewayne-somaliland-2d-seismic-expected-house-q4-2017\/","url_meta":{"origin":4878,"position":2},"title":"Odewayne Somaliland 2D seismic Expected in-house in Q4 2017","author":"","date":"July 30, 2017","format":false,"excerpt":"Final data from the Odewayne Somaliland 2D seismic campaign which commenced in March 2017 is due in-house Q4 2017 according to JV partner Sterling Energy. As of mid-June over 500 kilometers of 2D seismic had been acquired Chinese geophysical service company BGP in blocks SL-10B and SL-13 with 1000 kilometers\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\/2017\/06\/somaliland-seismic.jpg?fit=960%2C640&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/06\/somaliland-seismic.jpg?fit=960%2C640&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/06\/somaliland-seismic.jpg?fit=960%2C640&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/06\/somaliland-seismic.jpg?fit=960%2C640&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":981,"url":"https:\/\/www.oilnewskenya.com\/index.php\/jacka-resources-signs-second-farm-out-with-sterling-energy-in-somaliland\/","url_meta":{"origin":4878,"position":3},"title":"Jacka Resources signs second farm-out with Sterling Energy in Somaliland","author":"Samuel Kamau Mbote","date":"May 6, 2014","format":false,"excerpt":"Jacka Resources\u00a0has announced that Jacka Resources Somaliland Limited has signed a second Farmout Agreement with\u00a0Sterling Energy (East Africa) Limited for the\u00a0Odewayne Block Production Sharing Contract, onshore Somaliland, East Africa. Sterling will acquire JRSL\u2019s 15% participating interest in the PSC for a total cash consideration of US$12 million and approval for\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\/05\/somaliland.jpg?fit=702%2C550&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/05\/somaliland.jpg?fit=702%2C550&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/05\/somaliland.jpg?fit=702%2C550&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/05\/somaliland.jpg?fit=702%2C550&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":1478,"url":"https:\/\/www.oilnewskenya.com\/index.php\/somaliland-oil-explorations-delayed-as-companies-await-oil-protection-unit\/","url_meta":{"origin":4878,"position":4},"title":"Somaliland oil explorations delayed as companies await Oil Protection Unit","author":"Samuel Kamau Mbote","date":"July 18, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Sterling energy which has operations in the Odewayne block has said it has halted its operations in the horn of African country until the country establishes an oil protection unit. 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According to the statement released by one\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\/05\/sterling-energy.jpg?fit=751%2C809&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/05\/sterling-energy.jpg?fit=751%2C809&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/05\/sterling-energy.jpg?fit=751%2C809&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/05\/sterling-energy.jpg?fit=751%2C809&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4878","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=4878"}],"version-history":[{"count":2,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4878\/revisions"}],"predecessor-version":[{"id":4880,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4878\/revisions\/4880"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/1015"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=4878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=4878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=4878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}