The Global Hunt For Oil: Canadian Firm Drills First Exploration Well in Somalia

Energy companies are renowned for taking risks as they scour the globe for new opportunities.

That said however, Canada’s Vancouver, BC-based Horn Petroleum Corporation, a unit of Africa Oil Inc., is in a class by itself, having begun drilling operations in Somalia’s semi-autonomous northern Puntland state.

Somalia?

Which has not had an effective government since 1991?

Land of “Black Hawk Down,” pirates, battling militias, al Shabaab militants and U.S. drone strikes against…

Read more…

Leave a Reply

Your email address will not be published.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

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>