Thursday, March 2, 2017

Somali Oil: Is the Risk Worth the Reward?

Offshore Technology published on 28 February 2017 an analysis titled "Extracting Somali Oil: Is the Risk Worth the Reward?" by Heidi Vella.

The seismic services company, Spectrum Geo, recently confirmed significant hydrocarbon potential in the waters off the Somali coast. The question is whether the challenges of corruption, piracy, and terrorism will prevent companies from exploring for oil in this region. The author suggests smaller companies will probably pursue Somali oil, but not the majors.

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