Somaliland is limited by investment risk And Somalia’s threats, written by Professor Michael Walls
Somaliland’s oil find could reset the regional balance: here’s how
In 2020, Norwegian seismic survey company, TGS, estimated that the Somali basin as a whole likely holds offshore reserves of about 30 billion barrels, with additional onshore reserves, although land estimates are considerably less consistent. Assessments generally include Somaliland and would place Somalia reserves at about the same level as Kazakhstan, which would give the area the 18th or 19th largest reserve globally, as assessed in 2016, This is what was said in a long article about the oil reserves in the Somali region.
This article written by Professor Michael Walls (UCL Development Planning Unit) explores in The Conversation what the recent oil discovery in Somaliland.
Professor Michael Walls, published his article earlier this year 20223, which coincided with the start of the conflict in LasAnod.
This article first appeared in The Conversation on 27 January 2023. Read the full article here: