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
-
FirstBank Ghana pays courtesy call on Asantehene ahead of Nhyiaeso branch commissioning
15 seconds -
CAF President blasts Ghana over Baba Yara stadium ban
4 mins -
GUTA calls for de-politicization of fight against galamsey
5 mins -
Police outlines guidelines for NDC’s nationwide demonstration against EC
20 mins -
Demystifying the claims of rip-offs and arbitrary charges in Ghana’s port sector—from the shipping lines perspective
31 mins -
EducationUSA: Ghanaian students in US benefit from $9 million Investment
45 mins -
Elections not about insults; be decent in your speech – Bawumia to Mahama
50 mins -
Reverse osmosis the most reliable way to filter water – Association of Packaged Water Producers
1 hour -
UG SRC Presidential Race: Court ruling has taught me a lot about life – Guru
1 hour -
Voazok Tours to hold Canada Agricultural Tour
1 hour -
Peace Council implements measures to ensure peaceful 2024 elections
2 hours -
Staff of banks involved in fraud increases by 46% in 2023; BoG expresses worry
2 hours -
NDC calls for public support for upcoming protest – W/R NDC Secretary
2 hours -
2024/25 GPL: Vision FC secure 2-0 maiden GPL win against Accra Lions
2 hours -
I didn’t pull a gun at DRIP commissioning – Gomoa West MP refutes allegations
2 hours