Feral Jundi

Monday, March 5, 2012

Somalia: Vancouver-based Africa Oil Defies Al Shabab And Drills….With Pathfinder Corporation Protecting

In Somalia, Vancouver-based Africa Oil and partners Red Emperor Resources NL and Range Resources Ltd. hired South African security consultant Pathfinder Corp. to help protect their site. Local patrols are in place, and the regional government is providing added military strength, Hill said. Defenses include heaping dirt in a perimeter, or berm, around the site, to keep intruders out.

In the past I mentioned East Africa and the west’s positioning there in order to tap into oil sources. What is interesting is that more and more companies are willing to risk much in order to get at that oil, and PSC’s are getting some use.

This article in particular talks about a Canadian company trying to do just that in Somalia. From the sounds of it, they have a small private army and built up defenses to protect it. The PSC mentioned that is front and center for the defense of these wells is called Pathfinder Corporation.

I have never heard of Pathfinder Corporation and they are a South African company. They were registered in 1998 and the CEO is Marius Roos. Here is his bio:

Pathfinder is led by Marius Roos (Managing Director) who has a strong military background and currently holds the rank of Colonel in the SA Army Reserve Force. Apart from a distinguished career in the military, he has also qualified himself in various disciplines of security, which he utilised with good effect whilst employed in the private sector. Until recently he held the position of Risk Intelligence Specialist at one of the largest Parastatals in South Africa. In addition to numerous career-enhancing courses, Marius also successfully completed the Senior Managment Program with the University of Pretoria.

The thing about this story is that Al Shabab/Al Qaeda have joined forces recently and have declared that this oil drilling site is a ‘no-go’.

Al-Shabaab, which claimed responsibility for a suicide attack on a Mogadishu hotel that killed at least 15 last month, rejects the award of oil licenses to Western companies, Reuters said on Feb. 25, citing the group’s Twitter account.
“Western companies must be fully aware that all exploration rights and drilling contracts in N. Eastern Somalia are now permanently nullified,” a Twitter post claiming to be from Harakat Al-Shabaab Al Mujahideen’s press office said that day. Africa Oil’s contracts are “non-binding,” it said.

So does this mean that Al Shabab (who recently officially teamed up with Al Qaeda) plan on attacking Africa Oil’s operation?  Who knows, and this could get very interesting for the guys working there. If any Pathfinder Corp. contractors would like to come up and speak about this deal, I would love to hear what you got. Good luck over there. –Matt

 

Vancouver-based Africa Oil defies Al-Qaeda in billion-barrel Somali well drill
By Eduard Gismatullin
March 5, 2012
In a Somali desert that’s home to al-Qaeda-linked militia, Africa Oil Corp. drills inside a fortress of excavated earth dotted with lookout towers and armed guards to satisfy a world thirstier than ever for crude.
The Canadian company is poised to complete the nation’s first oil well in at least 20 years. The prize is the more than 1 billion barrels of oil resources Africa Oil estimates is in the Dharoor Block in Puntland, a semi-autonomous northern region where the central government is battling Islamic extremists.
“Security costs are significant,” Chief Executive Officer Keith Hill said in an interview. Still, there aren’t “many places on Earth we can go onshore with contractors and try to find a possibility for a billion-barrel oil field.”
Oil prices that almost doubled in the past three years have spurred exploration in locations once considered too risky, with Genel Energy Plc, set up by U.K. financier Nathaniel Rothschild and former BP Plc CEO Tony Hayward, acquiring stakes in the Kurdistan region of Iraq. Royal Dutch Shell Plc and BP are returning to Libya after leader Muammar Qaddafi was deposed.

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