Sunday, July 1, 2018
China’s Poly-GCL is rumored to have started producing hydrocarbons from its holdings in Ethiopia’s Ogaden Basin on a test basis. The amount of gas reserves discovered by Poly-GCL is estimated to be 6 to 8 Tcf.
Officials, from both the federal and local governments attended the inaugural ceremony which was held on June 28. The federal delegation was led by Meles Alemu, Minister of Mines, Petroleum & Natural Gas.
Fitsum Arega, chief of staff in Prime Minister Abiy Ahmed’s office, said on Twitter that Abiy had met with officials from Poly-GCL Petroleum Investment Limited to “officially kick-start crude oil production test in Ogaden Region”.
“The company has discovered that there is a prospect of commercial quantities of crude oil in the region,” Arega said in the Tweet.
The state-affiliated Fana media quoted Abiy as saying 450 bpd would be produced on a trial basis.