SouthWest Energy Ltd | |
Type: | Private |
Industry: | Oil and gas |
Foundation: | 2005 |
Location City: | Ethiopia |
Location Country: | Addis Ababa |
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 .[2] [4] 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.[5] In addition, the company owns acreages at the Gambella and Jijiga basins.[6] [7]