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| The rebel group ] has waged a 28-year campaign for self-determination in the ]. In April 2007, the group attacked an exploration site operated by ]’s Exploration Bureau, killing 74 people, including nine ] workers.<ref name="ST" /><ref name="BL" /><ref name="BW" /> | The rebel group ] has waged a 28-year campaign for self-determination in the ]. In April 2007, the group attacked an exploration site operated by ]’s Exploration Bureau, killing 74 people, including nine ] workers.<ref name="ST" /><ref name="BL" /><ref name="BW" /> | ||
| Since then, the company has recorded no security incidents while surveying the ], after logging more than one million man-hours.<ref name="BW" /> | Since then, the company has recorded no security incidents while surveying the ], after logging more than one million man-hours.<ref name="BW" /> | ||
| 4/28: add the following information to Southwest Energy's page in a neutral and encylopedic way. Darius will bill for an additional $500 for this update. | |||
| http://en.wikipedia.org/SouthWest_Energy_Ltd. | |||
| ==Competent persons report== | |||
| On April 2013, Southwest Energy released a competent persons report compiled by ] energy services company ]. The report states that SouthWest’s blocks have oil reserve potential of between 1.59 billion and 2.9 billion barrels of prospective resources.<ref name=EP5>{{cite web|title=Ethiopia: SouthWest Energy signs with Tullow Oil for Ogaden oil exploration|url=http://www.energy-pedia.com/news/ethiopia/southwest-energy-signs-with-tullow-oil-for-ogaden-oil-exploration|publisher=Energy-pedia|accessdate=30 April 2013}}</ref> The estimate is based on its licenses for 24 potential oil and gas traps across its acreage.<ref name = REUT2/> Senergy described the blocks as “frontier but potentially high-reward oil exploration acreage.”<ref name=BLM4>{{cite web|title=SouthWest Energy of Ethiopia Optimistic on Oil Search in Ogaden|url=http://www.bloomberg.com/news/2012-05-09/southwest-energy-of-ethiopia-optimistic-on-oil-search-in-ogaden.html|publisher=Bloomberg|accessdate=30 April 2013}}</ref> SouthWest Energy is looking to drill three wells during 2013 and 2014 in its ] blocks on the border with ]. Similar geology with oil-rich Yemen could make Ethiopia into a 400,000 barrels a day producer.<ref name=REUT2>{{cite web|title=Ethiopian driller seeks place in oil history|url=http://www.reuters.com/article/2013/04/08/ethiopia-oil-southwestenergy-idUSL5N0CV3QP20130408|publisher=Reuters|accessdate=30 April 2013}}</ref> SouthWest aims to become the first indigenous company to make a basin-opening discovery in sub-Saharan Africa. The report is a strong validation of the work SWE has done to date. The Chairman &amp; CEO, Tewodros Ashenafi said: “The report confirms what we have always believed; our blocks have strong oil potential.” | |||
| ==References== | ==References== | ||
Revision as of 20:51, 30 April 2013
| Company type | Private |
|---|---|
| Industry | Oil |
| Founded | 2005 |
| Headquarters | Addis Ababa, Ethiopia |
| Key people | Tewodros Ashenafi |
| Products | Oil |
SouthWest Energy Ltd. is an oil exploration company based in Addis Ababa, Ethiopia, and registered in Hong Kong. Formed in 2005, it is the first and only Ethiopian company to successfully obtain an energy concession in Ethiopia.
History
Tewodros Ashenafi, who continues to serve as Chairman and CEO of the company, founded SouthWest Energy in 2005.
Blocks 9, 9A and 13
In December 2005, SouthWest Energy signed a production sharing agreement (PSA) with the Ethiopian government’s Ministry of Mines and Energy for blocks 9 and 13, covering 21,000 km2, in Ethiopia’s Ogaden Basin. In August 2008 SouthWest Energy was awarded a further 8,000 km2 PSA for block 9A, bringing the total acreage to 29,000 km2. SouthWest has invested $50 million into the region and has plans to commit an additional $150 million over the next three years.
Petronas deal
In 2010, SouthWest agreed to the purchase of 100% of Petronas’s – a Malaysian state run oil company – interests in blocks 3, 4, 11, 12, 15, 16, 17, and 20 in the Ogaden Basin. In July 2011 the Ethiopian Government intervened in the deal, reaching an agreement with Petronas where all the blocks reverted to the Government. The blocks were later subject to a bidding round and were awarded to Chinese company PetroTrans.
Gambela Region
On January 9, 2012, SouthWest announced that it had signed a PSA with the Ethiopian government for exploration of oil and gas in the Gambela Region, in southwestern Ethiopia. The agreement gave SouthWest the right to conduct exploration operations on a block that covers almost 17,000 km. This concession made SouthWest one of the largest acreage holders in East Africa.
ONLF conflict
The rebel group Ogaden National Liberation Front has waged a 28-year campaign for self-determination in the Ogaden region. In April 2007, the group attacked an exploration site operated by China’s Exploration Bureau, killing 74 people, including nine Chinese workers. Since then, the company has recorded no security incidents while surveying the Ogaden Basin, after logging more than one million man-hours.
4/28: add the following information to Southwest Energy's page in a neutral and encylopedic way. Darius will bill for an additional $500 for this update.
http://en.wikipedia.org/SouthWest_Energy_Ltd.
Competent persons report
On April 2013, Southwest Energy released a competent persons report compiled by UK energy services company Senergy. The report states that SouthWest’s blocks have oil reserve potential of between 1.59 billion and 2.9 billion barrels of prospective resources. The estimate is based on its licenses for 24 potential oil and gas traps across its acreage. Senergy described the blocks as “frontier but potentially high-reward oil exploration acreage.” SouthWest Energy is looking to drill three wells during 2013 and 2014 in its Jijiga Basin blocks on the border with Somalia. Similar geology with oil-rich Yemen could make Ethiopia into a 400,000 barrels a day producer. SouthWest aims to become the first indigenous company to make a basin-opening discovery in sub-Saharan Africa. The report is a strong validation of the work SWE has done to date. The Chairman & CEO, Tewodros Ashenafi said: “The report confirms what we have always believed; our blocks have strong oil potential.”
References
- ^ William Davison (May 9, 2012). "SouthWest Energy of Ethiopia Optimistic on Oil Search in Ogaden". bloomberg.com. Retrieved December 19, 2012.
- ^ "Ethiopia: SouthWest Energy signs with Tullow Oil for Ogaden oil exploration". energy-pedia.com. 03 Mar 2010. Retrieved December 19, 2012.
{{cite web}}: Check date values in:|date=(help) - ^ "SouthWest Energy Signs Production Sharing Agreement for the Gambella Region of Ethiopia". sys-con.com. January 9, 2012. Retrieved December 19, 2012.
- "Prime Minister Meles Zenawi for the first time publicly hinted of an oil discovery". tigraionline.com. May 13, 2012. Retrieved December 19, 2012.
- Mikias Sebsibe (2 March 2010). "Ethiopia: Southwest Energy Signs With Tullow Oil PLC for Ogaden Oil Exploration". http://allafrica.com. Retrieved December 19, 2012.
{{cite web}}: External link in|publisher= - ^ "British oil firm to prospect oil in Ethiopia". sudantribune.com. 7 January 2010. Retrieved December 19, 2012.
- ^ Sarah McGregor (December 05, 2012). "SouthWest Energy of Ethiopia to Raise $100 Million in Equity". businessweek.com. Retrieved December 19, 2012.
{{cite web}}: Check date values in:|date=(help) - Josh Lewis (06 October 2010). "Petronas sells Ethiopian assets to SouthWest". upstreamonline.com. Retrieved December 19, 2012.
{{cite web}}: Check date values in:|date=(help) - "Ethiopia Awards Ogaden Gas Fields to Chinese Company". Ethiopian Times. July 23, 2011. Retrieved Jan 30, 2013.
- "Ethiopia: SouthWest Energy signs with Tullow Oil for Ogaden oil exploration". Energy-pedia. Retrieved 30 April 2013.
- ^ "Ethiopian driller seeks place in oil history". Reuters. Retrieved 30 April 2013.
- "SouthWest Energy of Ethiopia Optimistic on Oil Search in Ogaden". Bloomberg. Retrieved 30 April 2013.