Middle East Economic Survey

VOL. LII

No 51-52

21/28-Dec-2009

SOMALIA

Africa Oil Extends Puntland Exploration Period

Canadas Africa Oil Corporation and license partner Range Resources of Australia have agreed with the government of the breakaway Somali region of Puntland on modified terms for production sharing agreements (PSAs) for the Dharoor and Nugaal exploration areas. The amended agreements extend the initial exploration periods of both blocks from 36 months to 48 months, with an expiry date...