SouthWest Energy of Ethiopia Optimistic on Oil Search in Ogaden
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SouthWest Energy, an Ethiopian oil-exploration company, said it’s optimistic about the results of a seismic survey in the Ogaden basin and has met oil majors to discuss a possible partnership in the Horn of Africa country.
The initial findings from the survey completed in February are “very encouraging,” Chairman Tewodros Ashenafi said in an interview on May 7 in the capital, Addis Ababa. “Discovery could very well possibly happen next year.”