Upstream Resource Development
The oil and gas exploration area is located within the Ogaden basin, Ethiopia's largest oil basin. It has an area of around 350,000 square kilometers and sediment thickness of around 10,000 meters. Oil and gas mainly developed between the Triassic sandstone reservoirs and the Jurassic carbonate reservoirs with natural gas and condensate oil the primary products.
Using oil and gas resources that it has secured, GCL has planned for the construction of an 18 million ton/year LNG production facility and 20 million ton/year oil refining facility. Of which, the 18 million ton LNG facility will be constructed in three phases, with the scale of phase one being 8 million tons/year, including two LNG vessels with annual LNG capacity of 4 million tons each.
POLY-GCL Petroleum Group Holdings Limited