SouthWest Energy

{{Infobox company

| name = SouthWest Energy Ltd

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| type = Private

| industry = Oil and gas

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| foundation = 2005

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| location_city = Ethiopia

| location_country = Addis Ababa

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| key_people = Tewodros Ashenafi, Chairman

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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.

{{cite news

| url = http://allafrica.com/stories/201003020724.html

| title = Ethiopia: Southwest Energy Signs With Tullow Oil PLC for Ogaden Oil Exploration

| first = Mikias | last = Sebsibe

| newspaper = Addis Fortune

| date= 2010-03-02

| publisher = AllAfrica.com

| accessdate = 2014-04-18

| url-access = subscription

}}

It is registered in Hong Kong.

{{cite news

| url = https://www.bloomberg.com/news/2012-05-09/southwest-energy-of-Ethiopia-optimistic-on-oil-search-in-ogaden.html

| title = SouthWest Energy of Ethiopia Optimistic on Oil Search in Ogaden

| first = William | last = Davison

| date= 2012-05-09

| agency = Bloomberg

| accessdate = 2014-04-18}}

{{cite news

| url = http://www.upstreamonline.com/live/article1200432.ece

| title = Petronas sells Ethiopian assets to SouthWest

| first = Josh | last = Lewis

| newspaper = Upstream Online

| publisher = NHST Media Group

| date = 2010-10-06

| accessdate = 2014-04-10

| url-access = subscription

}}

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 {{convert|29000|km2}}.

{{cite news

| url = http://www.sudantribune.com/spip.php?article33696

| title = British oil firm to prospect oil in Ethiopia

| date = 2010-01-07

| newspaper = Sudan Tribune

| accessdate = 2014-04-10}}

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.

{{cite news

| url = https://www.bloomberg.com/news/2012-12-05/southwest-energy-of-ethiopia-to-raise-100-million-in-equity.html

| title = SouthWest Energy of Ethiopia to Raise $100 Million in Equity

| first = Sarah | last = McGregor

| date = 2012-12-05

| agency = Bloomberg

| accessdate = 2014-04-10}}

In addition, the company owns acreages at the Gambella and Jijiga basins.

{{cite press release

| url = http://allafrica.com/stories/201304100341.html

| title = Ethiopia: Southwest Energy Releases a Report On Its Oil Prospects

| publisher= Government of Ethiopia

| date = 2013-04-09

| accessdate = 2014-04-10}}

{{cite news

| url = http://www.epmag.com/Exploration/SouthWest-Energy-Aims-Oil-Ethiopia_115169

| title = SouthWest Energy Aims For Oil In Ethiopia

| first = Velda | last = Addison

| date = 2013-04-16

| newspaper = E&P magazine

| publisher = Hart Energy

| accessdate = 2014-04-18}}

See also

{{Portal|Africa|Energy}}

References