SouthWest Energy
| Company type | Private |
|---|---|
| Industry | Oil and gas |
| Founded | 2005 |
| Headquarters | , |
Key people | Tewodros Ashenafi, Chairman |
SouthWest Energy Ltd is an Ethiopian oil and gas exploration and production company located in Addis Ababa, Ethiopia. The company was established in 2005 by Tewodros Ashenafi.[1] It is registered in Hong Kong.[2][3]
In December 2005, SouthWest Energy signed a production sharing agreement with the Ministry of Mines and Energy of Ethiopia for blocks 9 and 13 in the Ogaden Basin. In August 2008 it signed for block 9A, bringing the total acreage to 29,000 square kilometres (11,000 sq mi).[2][4][5] The company plans to raise $100 million via a private placement in the first quarter of 2013 to help finance a three-well drilling program in the Ogaden Basin.[4] In addition, the company owns acreages at the Gambella and Jijiga basins.[6][7]
See also
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References
[edit]- ^ Sebsibe, Mikias (2010-03-02). "Ethiopia: Southwest Energy Signs With Tullow Oil PLC for Ogaden Oil Exploration". Addis Fortune. AllAfrica.com. Retrieved 2014-04-18.
- ^ a b Davison, William (2012-05-09). "SouthWest Energy of Ethiopia Optimistic on Oil Search in Ogaden". Bloomberg. Retrieved 2014-04-18.
- ^ Lewis, Josh (2010-10-06). "Petronas sells Ethiopian assets to SouthWest". Upstream Online. NHST Media Group. Retrieved 2014-04-10.
- ^ a b McGregor, Sarah (2012-12-05). "SouthWest Energy of Ethiopia to Raise $100 Million in Equity". Bloomberg. Retrieved 2014-04-10.
- ^ "British oil firm to prospect oil in Ethiopia". Sudan Tribune. 2010-01-07. Retrieved 2014-04-10.
- ^ "Ethiopia: Southwest Energy Releases a Report On Its Oil Prospects" (Press release). Government of Ethiopia. 2013-04-09. Retrieved 2014-04-10.
- ^ Addison, Velda (2013-04-16). "SouthWest Energy Aims For Oil In Ethiopia". E&P magazine. Hart Energy. Retrieved 2014-04-18.
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