SouthWest Energy Ltd is an Ethiopian
oil and gas
A fossil fuel is a hydrocarbon-containing material formed naturally in the Earth's crust from the remains of dead plants and animals that is extracted and combustion, burned as a fuel. The main fossil fuels are coal, petroleum, oil, and natura ...
exploration and production company located in
Addis Ababa
Addis Ababa (; am, አዲስ አበባ, , new flower ; also known as , lit. "natural spring" in Oromo), is the capital and largest city of Ethiopia. It is also served as major administrative center of the Oromia Region. In the 2007 census, t ...
,
Ethiopia
Ethiopia, , om, Itiyoophiyaa, so, Itoobiya, ti, ኢትዮጵያ, Ítiyop'iya, aa, Itiyoppiya officially the Federal Democratic Republic of Ethiopia, is a landlocked country in the Horn of Africa. It shares borders with Eritrea to the ...
. The company was established in 2005 by
Tewodros Ashenafi
Tewodros Ashenafi (born 26 August 1969) is an Ethiopian entrepreneur. He currently serves as CEO of SouthWest Energy.
Education
Ashenafi holds a degree in Economics from Columbia College of Columbia University, where he studied under Professor ...
.
[
] It is registered in
Hong Kong
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...
.
[
][
]
In December 2005, SouthWest Energy signed a
production sharing agreement Production sharing agreements (PSAs) or production sharing contracts (PSCs) are a common type of contract signed between a government and a resource extraction company (or group of companies) concerning how much of the resource (usually oil) extra ...
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 .
[
] 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.[
] In addition, the company owns acreages at the Gambella and Jijiga basins.[
][
]
See also
* Energy in Ethiopia
Energy in Ethiopia is energy and electricity production, consumption, transport, exportation, and importation in Ethiopia.
Overview
The following table provides some of the most relevant energy sector numbers for Ethiopia, a developing country. ...
References
Oil and gas companies of Ethiopia
Non-renewable resource companies established in 2005
2005 establishments in Ethiopia
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