Somalia reboots terms of licensing round debut
The petroleum ministry is poised to publish a new timetable and hold a Houston roadshow
Somalia’s first ever offshore licensing round has suffered months of delays, but the government is gearing up for another push. It has equipped itself with a revamped production sharing agreement (PSA) template and says the enactment of its delayed petroleum law is imminent. The 15-block licensing round, covering 20,000km2, is also now backed by seismic data from Spectrum Geo (part of Norwegian-based TGS). The round was formally launched in February complete with a detailed timetable, featuring a closing bid deadline of 7 November 2019. However, while presentations have been made in London, and at conferences in New Delhi and Cape Town since then, the process has stalled while the country’s
Also in this section
3 December 2024
Papua New Guinea’s LNG sector appears to be back on track, with other projects in the pipeline
2 December 2024
Crucial role of gas means country is laying the foundations to control physical and trading supply chains
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
Although Iraq remains a major crude exporter, it is still some way from becoming a regional energy supply hub. Ambitious new cross-border schemes aim to rectify that situation
