Somalia Sees Oil Results This Year as BP, Exxon Wooed
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Somalia expects to complete an assessment of its oil and gas potential this year as security gains in the battle against al-Qaeda militants enable foreign investors to return, President Hassan Sheikh Mohamoud said.
Seismic studies are being conducted onshore and off the coast of the Horn of Africa nation. Companies including Royal Dutch Shell Plc, Exxon Mobil Corp. and BP Plc are in talks with the government about returning to the country for the first time since war erupted in 1991, Sheikh Mohamoud said.