Project description
The conglomerate, named POLY-GCL, began extracting from the Ogaden Basin, located on Somalia’s border, this May. Construction of a 550km pipeline pumping gas to the Port of Djibouti is underway, and substantial exportation is set to begin in 2021.
The total cost of this development project is estimated at $4 billion dollars. Other companies exploring for oil and gas in Ethiopia are Southwest Energy, Africa Oil Corp, GBP Global Resources and Gazprombank Group.
POLY-GCL signed five agreements with Ethiopia’s Ministry of Mines in 2013 to explore 117,151 square-kilometres of the Ogaden basin. At least 4.5 trillion cubic feet (ft3) of gas has been discovered.
Once fully operational, 3 million ft3 of LNG (liquid natural gas) is planned for exportation in year one and 6 million ft3 in year two. Black Rhino Group has invested $300 million already in the pipeline running from Ethiopia to the shores of Djibouti.
Currently, oil is transported via truck between Addis Ababa and the city of Djibouti for both import and export demands but the pipeline is set to change all that. Turner and Townsend have won a contract to manage its construction. The company are based in Leeds and specialise in natural resource sectors.
