ALL BUSINESS

SOMALIA SET FOR HISTORIC FIRST OFFSHORE OIL DRILLING  WITH TURKEY’S SUPPORT

SOMALIA SET FOR HISTORIC FIRST OFFSHORE OIL DRILLING  WITH TURKEY’S SUPPORT
Spread the love

Wayne Lumbasi 

Advertisement

Somalia is preparing to begin its first offshore oil drilling campaign, a major step in the country’s efforts to unlock its natural resources and strengthen its economy after years of instability.

The operation will be carried out by the Turkish Petroleum Corporation , which is expected to begin exploration in deep waters off Somalia’s coast in the Arabian Sea. The move follows seismic surveys conducted in recent years that identified potential oil and gas reserves beneath the seabed.

Somalia’s Ministry of Petroleum and Mineral Resources Somalia said the drilling marks a shift from early exploration to actual testing of offshore reserves. Officials described the development as historic, noting that it is the first time the country will drill for oil offshore despite decades of suspected deposits.

Advertisement

The project is part of a wider agreement signed between Somalia and Turkey in 2024 covering energy cooperation. Under the deal, Turkey has supported seismic surveys and is providing technical expertise for the drilling phase. The partnership has also expanded cooperation in security to help protect offshore operations.

Advertisement
Deep-drilling vessel owned by the Turkish Petroleum Corporation. The ship is currently on its first international mission to launch offshore oil drilling in Somalia./TT/

Early geological data indicates that Somalia’s offshore basins may contain large quantities of oil and gas. While estimates point to significant reserves, the upcoming drilling will determine whether the resources can be produced in commercial quantities.

Advertisement

If viable reserves are confirmed, Somalia could generate new revenue to support infrastructure, public services, and economic recovery. The development could also reduce reliance on external aid and open the door to increased foreign investment in the energy sector.

Advertisement

Challenges remain as the country moves forward. Offshore drilling requires significant investment and advanced technology, and security concerns continue to pose risks to operations. There are also concerns about governance and the management of future oil revenues.

Even with these challenges, the start of offshore drilling represents a turning point for Somalia. It signals a renewed effort to tap into long suspected energy resources and offers the possibility of a new economic path for the country.

RELATED:

:

About Author

Wayne Lumbasi

Leave a Reply

Your email address will not be published. Required fields are marked *