Oil exploration in Puntland, an autonomous region in northeastern Somalia, began in the mid-2000s as a series of negotiations between the provincial administration and foreign oil companies. By 2012, exploratory wells established in the area yielded the first signs of crude oil.
Read more about Oil Exploration In Puntland: Overview, 2005 Puntland-Range Resources Agreement, Puntland Product Sharing Agreement, Yields
Famous quotes containing the words oil and/or exploration:
“Courage, determination, and hard work are all very nice, but not so nice as an oil well in the back yard.”
—Mason Cooley (b. 1927)
“I call her old. She has one family
Whose claim is good to being settled here
Before the era of colonization,
And before that of exploration even.
John Smith remarked them as he coasted by....”
—Robert Frost (1874–1963)