commercial cheap oil press price in ethiopia

   
commercial cheap oil press price in ethiopia
                                               
                                               
                                               
                                               
  • commercial cheap oil press price in ethiopia
Is Ethiopia ready for oil & gas exploration?

Get ready for the first-ever exploration in Ethiopia¡¯s Omo region¡ªand it could be VERY BIG. After all, it¡¯s an extension of the massive finds in Kenya. Ethiopia has the misfortune of being entirely landlocked as a result of the 30-year war with neighboring Eritrea. Still, oil and gas exploration here is advancing must faster.

Could oil be found in Ethiopia?

If they find oil in this well it would be the first discovery in Ethiopia. The well (Sabisa) belongs to Tullow, Africa Oil Corp. (AOI) and Marathon Oil Corp. (MRO). There have already been some gas discoveries in eastern Ethiopia, but the target here is potential oil in the country¡¯s west¡ªas part of the same oil system found in Kenya.

Is Ethiopia a good place to invest in oil & gas?

Ethiopia has the misfortune of being entirely landlocked as a result of the 30-year war with neighboring Eritrea. Still, oil and gas exploration here is advancing must faster. It has less potential¡ªand no offshore prospects¡ªwhich should make it less attractive than Eritrea, but foreign oil and gas companies favor it nonetheless.

Will Tullow Oil drill a well in Ethiopia?

In late February, UK-based Tullow Oil Plc (TLW)¡ªthe same company behind the massive discovery in Kenya in early 2012¡ªannounced it would finish drilling its first well in western Ethiopia¡¯s South Omo Block by the end of this quarter. The foray into Ethiopia was based on geography.