Genel Energy to Explore Somalia

Oct. 30, 2012 09:59AM PST

Genel Energy Plc, a Turkish Oil and Gas company plans to conduct seismic work in north western Somalia early next year and drill its first well in the second quarter of 2014 and another well in 2015.

Highlights from article:

* Plans to drill 2 wells in Somaliland by 2015
* Company is moving forward despite political disputes
* Genel will spend $400 mln to drill 5 wells in Africa

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