Key block move for Amsas

By Barry Morgan

 28 June 2012 22:59 GMT

AUSTRALIAN oilfield services contractor Amsas Consulting has moved to shore up its title to a key block onshore southern Somalia, writes Barry Morgan.

The move puts the company in place to expand its upstream position if national polls due in August 2012 bring peace to the Horn of Africa.

Under its 2008 farm-out agreement with Mogadishu, Amsas enjoys a 49% stake in the so-called Somali Government Area (SGA), a prospective 4700-square kilometre production sharing agreement located directly opposite maritime Block M-7, once held by Burma Oil and later Shell unit Pecten before the Somali civil war imposed force majeure.

Amsas last week applied to the Ministry of Water, Energy, & Mineral Resources “to re-start operations” pending…

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