Audio By Carbonatix
Turkey will send an exploration vessel off the coast of Somalia later this year to search for oil and gas as part of a hydrocarbon cooperation deal between the two countries, the Turkish energy ministry said on Thursday.
"We will send our Oruc Reis vessel at the end of September, or early October to Somalia. It will conduct a significant seismic study there, which can last for months," Turkish Energy Minister Alparslan Bayraktar said.
Two of the three blocks, were some 50 kilometres off the Somalia coast, Bayraktar also said, adding that the third one was some 100 km away.
"We think that Somalia has significant oil and natural gas resources offshore. We signed an offshore deal for three blocks. Turkey will have exclusive rights for search and production when we find oil in these areas," Bayraktar said.
In March, Turkey signed an offshore oil and natural gas cooperation deal with Somalia, the Turkish Energy Ministry said, further strengthening bilateral ties after agreeing a defence deal last month.
Latest Stories
-
Dad unlawfully killed daughter in Texas shooting, coroner rules
2 hours -
Anas wins 7 – 0 as SC unanimously rejects attempts to reverse judgment in his favour
3 hours -
The cocoa conundrum: Why Ghana’s farmers are poor despite making the world’s best chocolate
4 hours -
Powerful cyclone kills at least 31 as it tears through Madagascar port
4 hours -
GoldBod summons 6 gold service providers over compliance exercise
5 hours -
Power disruption expected in parts of Accra West as ECG conducts maintenance
5 hours -
Police investigate alleged arson attack at Alpha Hour Church
5 hours -
Heavy Sunday downpour wrecks Denyaseman SHS, schools, communities in Bekwai Municipality
5 hours -
Ridge Hospital is in critical condition – GMTF Boss appeals to corporate Ghana
6 hours -
Introduce long term measures to tackle challenges in cocoa sector – IERPP to government
6 hours -
Agricultural Economist proposes blended financing model to support cocoa sector
6 hours -
NPP MP warns against reducing producer price as government rolls out cocoa reforms
7 hours -
Tano North MP urges halt to grain exports over food glut
7 hours -
Farmers hopeful as government moves to expedite cocoa payments
7 hours -
Tensions at Agbogbloshie market women oppose AMA drain cleaning exercise, items confiscated
7 hours