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SouthWest Energy
From Wikipedia, the free encyclopedia
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SouthWest Energy Ltd is an Ethiopian oil and gas exploration and production company located in Addis Ababa, Ethiopia. The company was established in 2005 by Tewodros Ashenafi.[1] It is registered in Hong Kong.[2][3]
In December 2005, SouthWest Energy signed a production sharing agreement with the Ministry of Mines and Energy of Ethiopia for blocks 9 and 13 in the Ogaden Basin. In August 2008 it signed for block 9A, bringing the total acreage to 29,000 square kilometres (11,000 sq mi).[2][4][5] The company plans to raise $100 million via a private placement in the first quarter of 2013 to help finance a three-well drilling program in the Ogaden Basin.[4] In addition, the company owns acreages at the Gambella and Jijiga basins.[6][7]
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