Somaliland Discusses Oil Exploration Investments With Oil Executives In Texas
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DALLAS, Texas, 26 April 2008 - Somaliland Minister of Water and Mineral Resources, Qassim Sh. Yussuf Ibrahim, left here today after several days visit to San Antonio, Texas, aimed at attracting foreign investors for Somaliland’s potential oil explorations, and other untapped mineral resources, on the sidelines of an international petroleum convention.
The visit comes on the heels of the ministry's announcement on April 11, 2008 of the completion of the geophysical surveys of oil prospects in its onshore and offshore areas by the Norwegian TGS-NOPEC Geophysical Company (“TGS”), raising hopes for significant foreign investment to Somaliland.
“The Ministry is excited about completion of the TGS geophysical surveys and looks forward to bringing substantial foreign investment to Somaliland,” the statement concluded,” Ibrahim said at the time in a press statement a copy of which was sent to Awdalnews Network.
The TGS completed an on-shore program of 34,600 kilometers of aeromagnetic data and a 2D seismic survey of offshore Somaliland, consisting of 5,100 KM of modern seismic data. Both data programs are currently being processed for an international bid round planned for late 2008. In March 2007. TGS acquired 1000 KM of offshore seismic as well.
Later during a stopover in Dallas, the Minister briefed the Somaliland Community on the current situation of the country during a luncheon hosted in his honor by Safia Abdillahi from Awdal Charity Services, Inc, and Kayse Noor Ahmad.
Minister Ibrahim urged the community members who attended the luncheon to invest in their home country to create business for themselves and create jobs for Somaliland's people.
The Minister and his entourage thanked the Somaliland community for their hospitality. Later the Minister departed from Dallas and Forth-worth international airport for London.
Parts of the report was also contributed by Kayse Noor Ahmad Dallas, Texas.
Kayse71@hotmail.com
Source: Awdalnews Network
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