Oil And Gas In Somalia, Somalia has long believed it holds signif

Oil And Gas In Somalia, Somalia has long believed it holds significant offshore oil and gas reserves, but exploration has been limited due to insecurity and political challenges. According to statements carried by CNN Business Arabic, the Turkish government announced Sunday that the drillship Çağrı Bey has been deployed for offshore oil Turkey has sent its Çağrı Bey deep-sea drillship to Somalia, launching its first offshore drilling mission outside Turkish waters. Mogadishu (HOL) — Turkey on Sunday sent its deep-sea drilling vessel Cagri Bey to Somalia, marking Ankara’s first offshore energy exploration mission outside its own maritime zone, officials from both countries said. ” Türkiye and Somalia formalised agreements in 2024 covering both onshore and offshore oil and gas exploration. Country - Somalia Somalia’s petroleum and ports ministers, the petroleum authority chief and ambassador attended, alongside Turkey’s energy minister and senior officials. Turkey has dispatched a deep-sea drilling ship to Somalia, elevating the scope of bilateral energy cooperation between the two countries. Türkiye plans to launch oil exploration operations in Somali waters using its drilling ship Cagri Bey, as it aims to increase its activities in oil and natural gas both domestically and overseas. He described the move as a historic one that reflects Turkey’s efforts in oil and gas exploration. Recent seismic research conducted with Turkey sent a deep-sea drilling vessel to Somalia in what officials describe as a landmark step in Ankara’s expanding energy ambitions. With improved stability and stronger international partnerships, the government is now seeking to attract investment and unlock the potential of its natural resources to support economic growth. ” Türkiye and Somalia signed agreements in 2024 covering onshore and offshore oil and gas exploration. Turkey’s state energy firm, Turkish Petroleum (TPAO), holds offshore exploration licences for three blocks in Somali waters, where seismic surveys were completed last year. The tender was released on Feb 13, 2026. Sep 3, 2025 · Somalia’s interest in oil and gas exploration, however, dates back nearly a century. Bayraktar stated that in 2024, the project for oil and natural gas exploration in Somali offshore waters moved from legal texts to practical implementation, saying, “Our President sent off the Oruç Reis Seismic Research Ship, developed by our country with domestic and national means, from the Istanbul Strait to Somalia on October 5, 2024. Somali authorities said the vessel will drill offshore as part of efforts to develop oil and gas resources. 15, Energy and Natural Resources Minister Alparslan Bayraktar said, as Ankara expands oil and natural gas exploration efforts both domestically and abroad. T ürkiye’s drilling ship Cagri Bey will begin operations in Somalia on Feb. in Oil And Gas. The seismic vessel Oruc Reis previously completed surveys in three offshore blocks. Somalia’s Minister of Ports announced the development during a farewell ceremony in Turkey, stating, “Today in Turkey, we bid farewell to the ship that will drill Somalia’s oil. “Tomorrow, we will take another historic step. Türkiye and Somalia signed agreements in 2024 covering onshore and offshore oil and gas exploration, laying the groundwork for joint energy development. With the addition of Cagri Bey and Yildirim, the number of drillships in Türkiye’s fleet has risen to six, Bayraktar said. Bayraktar stated that Türkiye aims for its national oil company to reach production of around 500,000 barrels of oil and gas per day by 2028, with a longer-term objective of increasing capacity to 1 million barrels per day. But during the oil and gas conference, it had submitted bidding rules and procedures and also displayed a map of oil and gas blocks which it intended to auction in future. The seismic vessel Oruç Reis previously completed surveys in three offshore blocks. In summary, the map illustrates the immense potential of Somalia’s onshore sedimentary basins for oil and gas exploration and development. ” It’s important to separately mention that Turkiye will reportedly receive a whopping 90% of Somalia’s offshore oil and gas revenue per summer 2024’s lopsided deal. The deployment follows energy cooperation agreements signed between Türkiye and Somalia in 2024, covering both onshore and offshore oil and natural gas exploration. If commercially viable reserves materialize—with estimates reaching as high as 30 billion barrels of oil equivalent Turkey has secured rights to 90 per cent of oil and gas output in Somalia deal, document shows, laying the groundwork for long-term energy cooperation between the two countries. If commercially viable reserves materialize—with estimates reaching as high as 30 billion barrels of oil equivalent Oct 15, 2025 · The February 2020, Somalia passed the Petroleum Law that established legal framework for its oil and gas industry, including the use of Production Sharing Agreements (PSA) Jan 22, 2024 · Geo-seismic studies have shown that Somalia may have at least 30 billion barrels of oil and gas reserves, but these resources will take time to develop, as detailed exploration generally takes three to five years, and production can only begin afterward. Despite the widely acknowledged resource potential, Somalia has yet to achieve any significant commercial hydrocarbon discoveries. Oct 15, 2025 · The February 2020, Somalia passed the Petroleum Law that established legal framework for its oil and gas industry, including the use of Production Sharing Agreements (PSA) Jan 22, 2024 · Geo-seismic studies have shown that Somalia may have at least 30 billion barrels of oil and gas reserves, but these resources will take time to develop, as detailed exploration generally takes three to five years, and production can only begin afterward. Apr 23, 2025 · Somali territory is estimated to contain 6 billion cubic meters of proven natural gas reserves and as much as 30 billion barrels of offshore hydrocarbon potential. Türkiye plans to launch oil exploration operations in Somali waters using its drilling ship the Cagri Bey as it aims to increase its activities in oil and natural gas both domestically and overseas. Turkish authorities emphasize that with the improving political stability in Somalia, the country presents a viable environment for investment in hydrocarbons. Mar 5, 2025 · Notably, oil and gas exploration projects in Somalia are fraught with complexities that provoke internal and external crises. If commercially viable reserves materialize—with estimates reaching as high as 30 billion barrels of oil equivalent . Oct 15, 2025 · The February 2020, Somalia passed the Petroleum Law that established legal framework for its oil and gas industry, including the use of Production Sharing Agreements (PSA) Jan 22, 2024 · Geo-seismic studies have shown that Somalia may have at least 30 billion barrels of oil and gas reserves, but these resources will take time to develop, as detailed exploration generally takes three to five years, and production can only begin afterward. Alparslan Bayraktar said the vessel will begin drilling the Curaçao-1 well off the coast of Somalia Somalia could be approaching a significant energy milestone following offshore surveys that point to large oil and gas resources beneath its coastal waters. The seismic research vessel Oruc Reis previously completed surveys in three offshore blocks off Somalia’s coast. Concern Worldwide Somalia has Released a tender for Supply of Fuel, Diesel, Petrol, Oil, and Gas. With the addition of Çağrı Bey and Yıldırım, the number of drillships in Türkiye's fleet has risen to six, Bayraktar said. The deployment follows a government level agreement signed in March 2024 to develop Somalia’s oil and gas sectors. Ankara has also trained thousands of Somali soldiers, representing roughly one-third of Somalia’s military, both in Turkey and at its Mogadishu base, known as Turksom. Türkiye and Somalia signed agreements in 2024 covering onshore and offshore oil and gas exploration. Feb 6, 2026 · Turkey’s decision to begin offshore oil and gas drilling in Somali waters in February 2026 is not only a commercial undertaking; it is also a strategic intervention unfolding alongside accelerating military deployments and great-power competition across the Horn of Africa. The Turkish government has sent its deep-sea drilling vessel Cagri Bey to the Somali coast today, in what the Turkish energy minister said was the country’s first offshore exploration mission. Turkey sent its deep-sea drilling vessel Cagri Bey to Somalia on Sunday for what its energy minister said would be Ankara's first offshore exploration mission outside its maritime zone. Following the London oil conference, Kenya recalled its ambassador to Somalia and asked the Somali ambassador in Kenya to “depart for consultations. With well-documented geological features and exploration well data, the map serves as a foundation for future hydrocarbon exploration initiatives in Somalia. qe7ie, 8f9n, ohcdyi, mb6ft, 0zysy, 30fug, 9scbx1, ve42ja, ykattv, 3ufx3l,