Africa Oil Corp has signed a contract with Sakson Drilling and Oil Services to provide a rig to drill the first exploration wells in Puntland, Somalia, for more than 20 years.
Spudding of the first well in Dharoor is expected to commence during the fourth quarter of this year.
Drilling locations have been selected over two prospects in the Dharoor and Nugaal valleys covering nearly 36,000 square kilometres. Each prospect is targeting a gross best estimate oil-in-place of approximately 900 million barrels.