SouthWest Energy explained

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]

See also

Notes and References

  1. News: Ethiopia: Southwest Energy Signs With Tullow Oil PLC for Ogaden Oil Exploration . Mikias . Sebsibe . . 2010-03-02 . . 2014-04-18 . subscription .
  2. News: SouthWest Energy of Ethiopia Optimistic on Oil Search in Ogaden . William . Davison . 2012-05-09 . . 2014-04-18.
  3. News: Petronas sells Ethiopian assets to SouthWest . Josh . Lewis . . . 2010-10-06 . 2014-04-10 . subscription .
  4. News: British oil firm to prospect oil in Ethiopia . 2010-01-07 . . 2014-04-10.
  5. News: SouthWest Energy of Ethiopia to Raise $100 Million in Equity . Sarah . McGregor . 2012-12-05 . . 2014-04-10.
  6. Ethiopia: Southwest Energy Releases a Report On Its Oil Prospects . Government of Ethiopia . 2013-04-09 . 2014-04-10.
  7. News: SouthWest Energy Aims For Oil In Ethiopia . Velda . Addison . 2013-04-16 . E&P magazine . . 2014-04-18.