Acquisitions and Divestitures News in Somalia

Liberty Petroleum signs deal with the Somalia government to secure 3 offshore petroleum blocks
3/12/2024 - Liberty Petroleum Corporation (“Liberty” or the “Operator”) is pleased to announce the signing of three Production Sharing Agreements (“PSA’s”) between the Federal Government of Somalia and Liberty’s ...
Genel Energy Signs Somaliland Farm-out
12/20/2021 - Genel Energy plc has signed a farm-out agreement relating to the SL10B13 block, Somaliland, with OPIC Somaliland Corporation (‘OSC’), with all its share of future capital investment coming from CPC Co...
Somaliland Farm-out Process
11/11/2019 - Genel Energy plc has increased its stake in the SL10B13 block, onshore Somaliland, to 100%, having acquired East Africa Resource Group's 25% stake. ...
Sterling Energy Granted Extension of the Odewayne PSA
9/13/2019 - Sterling Energy has announced that the Government of the Republic of Somaliland has granted a continued extension to the current period of the Odewayne Production Sharing Agreement ('PSA'). ...
Sterling Agrees Revised Terms with Petrosoma for Odewayne PSA Farm-in
4/3/2017 - Sterling Energy Plc (Sterling), the AIM listed oil and gas exploration and production company, has agreed with Petrosoma Limited (Petrosoma) to revised terms of the Farmout Agreement between Sterling ...
Soma Oil & Gas Applies for Somalia PSAs
12/9/2015 - Soma Oil & Gas (Soma), the UK-registered oil and gas exploration company focused on Somalia, announces that, as per the terms of the Seismic Option Agreement (SOA), the company delivered the Explorati...
Africa Energy Withdraws from Puntland, Somalia Blocks
6/29/2015 - Africa Energy Corp. (Africa Energy, previously Horn Petroleum Corp., or the "Company") has provided notice to the Puntland State of Somalia advising of its intention to withdraw from the January 2007 ...
DNO Granted Two year extension for Block SL18 in Somaliland
9/8/2014 - DNO ASA, the Norwegian oil and gas operator, has been granted a two-year extension of the term of its production sharing agreement for Block SL18 in Somaliland. The first exploration period will now e...
Sterling Energy Granted 2 Year Extension for Odewayne PSC
5/29/2014 - Sterling Energy Plc, the AIM listed oil & gas exploration company, is pleased to announce that the Government of the Republic of Somaliland has granted a 2 year extension to the current work period of...
Sterling Energy Completes Farm-in to Odewayne Block
5/12/2014 - Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company, is pleased to announce that completion has now occurred under the Farmout Agreement (Farmout Agreement) wi...
Jacka to Receive $12m from Farmout of Odewayne Block
5/6/2014 - Jacka Resources Limited (Jacka) is pleased to announce that its wholly owned subsidiary Jacka Resources Somaliland Limited (JRSL) has signed a second Farmout Agreement (Second Sterling Agreement) with...
Sterling Completes Additional Farmin to Odewayne Block
1/27/2014 - On 8th November 2013, Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company, announced that its wholly owned subsidiary, Sterling Energy (East Africa) Limited (S...
Jacka Receives Govt Approval for Odewayne Block Farmout
1/20/2014 - Jacka Resources Limited (Jacka) is pleased to advise that its wholly owned subsidiary Jacka Resources Somaliland Limited has received the necessary government approval for the completion of the Farmou...
Jacka Signs Farmout Agreement for Odewayne Block PSC
11/8/2013 - Jacka Resources Limited (Jacka) is pleased to advise that its wholly owned subsidiary Jacka Resources Somaliland Limited has signed a Farmout Agreement (Agreement) with Sterling Energy (East Africa) L...
Sterling Energy Completes Farmin to Odewayne Block
11/6/2013 - On 28th October 2013, Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company, announced that its wholly owned subsidiary, Sterling Energy (East Africa) Limited (S...
Sterling Energy Farms into Somaliland Odewayne Block
10/28/2013 - Sterling Energy Plc, the AIM listed independent oil & gas exploration and production company, is pleased to announce that its wholly owned subsidiary, Sterling Energy (East Africa) Limited (Sterling),...
Kilimanjaro Capital Farms into Somalia's ACA Block
9/30/2013 - Kilimanjaro Capital (Kilimanjaro), the ethical investment company with acquisitions in the African mining and Oil & Gas sectors, is pleased to announce that it has entered into a farmout agreement (th...
DNO International Signs Block SL18 PSC in Somaliland
DNO International Signs Block SL18 PSC in Somaliland 4/23/2013 - DNO International ASA (DNO International), the Norwegian oil and gas company, announced that it has entered into a Production Sharing Contract (PSC) covering Block SL18 onshore Somaliland. The Preside...
Genel Energy to Farm-In to Jacka Odewayne Block
11/12/2012 - Australian oil and gas explorer Jacka Resources Limited (Jacka) is pleased to announce that it has entered into an agreement with Genel Energy plc (Genel), whereby Jacka will farm out 50% equity to Ge...
Range Enters Agreement Regarding Nugaal Offshore Block
3/20/2012 - Range Resources Limited is pleased to announce that it has entered into an Agreement with the Puntland Government with respect to obtaining a 100% working interest in the highly prospective Nugaal Bas...

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