SOMALILAND: Genel Energy Targets Toosan-1 Drilling in 2024
- Genel Energy has in its latestet operations and trading update said that it continues target a spud date in the next 12-18 months for the Toosan 1 well on the highly prospective SL10B13 block in Somaliland.
- Genel which is the operator with 51% working interest adds that drilling preparations are underway for the Toosan with environmental and social impact assessments also underway while tendering has commenced for the rig and well services.
- The Toosan prospect contains stacked Mesozoic reservoir objectives, with multiple individual prospective resources estimates each ranging from 100 to 200 MMbbls.
- DOWNLOAD your copy of the new released SOMALIA UPSTREAM SECTOR OVERVIEW AND OUTLOOK and learn more about the Toosan-1 prospect HERE
- Conspicuously absent was any reporting on oil discovery in Salaxley as reported by Somaliland through its energy and minerals ministry.
- Genel Energy is in the center of conflict over exploration rights between Somalia and Somaliland with the Federal Government in Mogadishu dismissing the company’s license in the autonomous region despite existing PSAs with the Hargeisa-led government.
- DOWNLOAD your copy of the new released SOMALIA UPSTREAM SECTOR OVERVIEW AND OUTLOOK and learn more about the Toosan-1 prospect HERE