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

• Energy in Ethiopia

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.