It is understood that Genel Energy plc is still seeking a partner in blocks SL10B/SL13 and Odewayne. Genelâs acreages are located onshore within the Somali and Sagaleh basins. Following the acquisition of 2D speculative seismic data, Genel might drill its first well towards the end of 2019. Block Odewayne is undrilled, while Block SL10B, SL13 contains the Bur Dab 1 well, which found oil shows in 1958.  Genel acquired a total of 3,150 km of speculative 2D data over the blocks SL-10B/13 and Odewayne. The portion over the SL-10B/13 was completed in January 2018, while the portion over the Odewayne block was completed in October 2017. The acquisition started in March 2017 and was conducted by the contractor BGP Inc. The survey was part of a Somaliland-owned speculative 2D seismic project. Genel purchased the seismic data covering its onshore acreage, which fulfilled its minimum work obligations.  A surface oil seep study completed in 2015 supposedly confirmed the presence of a working hydrocarbon system with Late Jurassic source rocks and several potential reservoir/seal pairs. Genel believes that all its acreage in Somaliland could host over 2 Bbbl of oil.   Partners in the Odewayne permit are Genel Energy plc, operator with 50% interests, Petrosoma with 10% and Sterling Energy with 40%. Partners in blocks SL10B and SL13 are Genel, operator with 75% and East Africa Resources Gp with 25%.   The Republic of Somaliland is bordered by Ethiopia in the south and west and it is located in northern Somalia. Somaliland remains internationally unrecognized but is considered economically stable and democratic. Somaliland declared independence from Somalia in 1991.  Contact details    Mike Adams  Head of Africa Exploration  Tel: +44 (0) 20 7659 51 43  Email: mike.adams@genelenergy.com  Â   John Fisher  Principal Geoscientist  Tel: +44 (0) 20 7659 51 38  Email: john.fisher@genelenergy.com   Background Information    Recent licence history    Genel Energy plc (Genel) was awarded an exploration licence for onshore blocks SL-10-B and SL-13 in Somaliland in August 2012 (with 75% working interest in both). Genel was further awarded a 50% participating interest in the Odewayne PSA in November 2012. The Odewayne PSA covered former blocks SL-6, SL-7, SL-10A.  On 5 August 2016, partner Sterling Energy announced that the Somaliland government had awarded a further two-year extension to the current exploration period of the Odewayne production sharing agreement (PSA). The PSA will last until 2 November 2018, with an option to extend it by subsequent 18-month (fourth period), one-year (fifth period) and one-year (sixth period) extensions to a maximum of 2 May 2022. According to Sterling, minimum work obligations for the exploration periods remained unchanged - namely the acquisition of 500 km of 2D seismic during the third period and the acquisition of 1,000 km of 2D seismic and one exploration well during the fourth period.  Recent exploratory works    Genel completed a gravity and aeromagnetic campaign over its total 40,300 sq km acreage in Somaliland in early 2013.   Genel has been planning a 1,500 km 2D seismic survey over the Odewayne block since May 2013, however it has been delayed a number of times. Seismic operations in Somaliland were temporarily suspended due to deterioration in the security environment in 2014. Back then, Genel and other companies were waiting for the announced Oil Protection Unit (OPU) to become operational. OPU is a trained and equipped security force implemented by the government of Somaliland to support international oil companies in their exploration campaigns. At present, it is understood that OPU is operational although all exploration activities are yet to commence.  Odewayne geology    The Odewayne block (which was formerly known as Block 26) is located in the Nogal Uplift (Somali Basin). It was informally referred as the âHabra Garhajis Blockâ and it was held by Japan-based Petrosoma (an affiliate company of Prime Resources) until November 2012.Â  The Odewayne block reportedly contains nine independently verified oil seeps typed to light oil-condensate hence a working hydrocarbon system may exist. The geology of the Nogal Uplift basin (also reported as Habra-Garhajis) is expected to be very similar to the producing basins of Yemen.  A few kilometers north of the Odewayne licence, within the contiguous Guban Basin, the Dagah Shabel exploration/appraisal wells (DS 1, DS 2 and DS 3) found heavy oil in the late 50âs.
Somalia Genel Energy plc seeking a partner for SL 10B/SL 13 and Odewayne in Somaliland