Somaliland: DNO International Launches Oil and Mineral Exploration
Somaliland Energy minister Eng Duale pn the podium flanked by DNO Omani company and government officlas during the joint press briefing at the presidency in Hargeisa
By: Yusuf Mohamed Hasan
HARGEISA (Somalilandsun) – After Genel Energy the Norwegian DNO has become the second foreign company to start implementation of its oil exploration and extraction contract with the Somaliland government.
This development follows the official announce by DNO officials made during a joint press briefing with the Somaliland ministries of foreign affairs and Energy at the Hargeisa presidency after consultations with President Silanyo and other government officials.
“Somalilanders are looking forward towards working with you for the betterment of our country and we can assure you that all facilitation shall be made available for your operations” said the foreign minister Mohamed Behi Yonis
According to the minister of energy and minerals DNO international an Oslo-based Norwegian Company entered into a Production Sharing Contract covering Block SL 18 onshore
in Washington DC during an official working tour by H.E Ahmed Mahmud Silanyo in April 2013.
“DNO International officials who are here to formally launch contractual implementation at their SL Block 18 have already established offices in Hargeisa and at the block site as well as introduce their country manager Mohamed Jama Diriye” informed Eng Hussein Abdi Duale the Somaliland energy Minister
While revealing that DNO holds a 100 percent paying interest in the license with Somaliland holding a 10 percent carried interest, Eng Duale said that an Oman Company has acquired some shares from the Norwegians and shall be involved in activities from day one.
This is the first time for the country to see direct engagement through Investment by an Oman company” Said the energy minister as he gave the podium to DNO whose Block SL 18 covers an area of 12,000 square kilometers
