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Milestones

Year

Activites

2003

SouthWest Development formed and entered into agreement with Petronas (Malaysia)

2005

SouthWest Energy formed in Hong Kong & signed PSA for Blocks 9 & 13 in Jijiga Basin

2007

SouthWest Energy signed Joint Study Agreement for Jimma region

SouthWest Energy entered into PSA for Block 9A in Jijiga Basin

2008

Acquisition of Baro Gambella Hotel

2009

Ambo Mineral Water transaction with SABMiller

2011

SouthWest Holdings incorporated in Hong Kong

2012

SouthWest Energy signed PSA for Gambella region, bordering South Sudan

SouthWest Energy completed 100% of its seismic in Jijiga Basin

2013

Finalized land acquisition and engaged international firm to complete feasibility study and concept design for 5-star hotel in the heart of Addis Ababa

2014

Formed JV partnership with Chinese-based firm to open Ethiopia’s first local Integrated service provider in the upstream oil industry: Africa Energy Services

2015

Incorporating SouthWest Petroleum and Chemical (Guangzhou) Limited to Oil business license in China