Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
International firms compete for Uruguayan blocks
The country’s frontier upstream continues to attract interest
Mozambique upstream progress defies unrest
The east African country continues to attract investment in oil and gas projects, but concerns over security are still impeding developments in the gas-rich north
Genel’s Somaliland drilling may slip to 2024
The UK-headquartered independent’s plans are now for the back end of next year or early the year after
Energy costs hit European refining
Margins narrowed considerably in the third quarter but still remain elevated for the time of year, as the continent continues to adapt following Russia’s invasion of Ukraine
QatarEnergy’s INOC paradox
The state-owned LNG heavyweight is adamant that it is a purely commercial enterprise, but the evidence is conflicting
Oman’s upstream aims to rock like its peers
Don’t call it a comeback, newly gas-focused majors have been here for years
Pay more tax to protect markets – van Beurden
Outgoing Shell chief sees higher government take as a much lesser threat to the oil and gas industry
Does Repsol point the way again for European peers?
The Spanish firm has form for leading where other firms swiftly follow
ExxonMobil takes a chance on India’s upstream
The major’s involvement is a win for New Delhi as it seeks to promote offshore exploration
North American LNG export contracts approach 50mn t/yr
Shell and Centrica deals latest in post-Ukraine invasion SPA boom for liquefaction projects
Somalia Shell ExxonMobil
Anish Kapadia
13 November 2020
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Somalia poised for oil-based transformation

The government hopes that promising geology and attractive fiscal terms will attract the interest of IOCs to develop its offshore oil discoveries

Great excitement and interest accompanied Somalia’s recent launch of its first offshore oil and gas exploration licensing round, with more than 250 energy companies and investors attending the virtual roadshow. Enthusiasm is being fuelled by promising geology, top quartile fiscal terms, reduced concern about security issues offshore and the backdrop of a much improved political and economic situation in Somalia. Somalia has adopted a refreshingly professional approach to the licensing round, with legislation that ensures the sanctity of contracts and is more transparent and investor friendly than many other established petroleum provinces around the world. Encouragingly, two of the largest i

Also in this section
Sverdrup keeps on giving
11 July 2025
Equinor and its partners at Norway’s largest oilfield have pulled the trigger on a fresh $1.3b investment that will maintain high output for longer
Australia gas security faces fitness test
11 July 2025
Reassessment of the country’s export-facing gas policy coincides with worsening domestic market backdrop
Waiting for Arctic LNG 2
10 July 2025
Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
Nigeria bullish about oil recovery
9 July 2025
Efforts to restructure and boost investment appear to be working, but doubts remain about the plan to almost double crude production by 2030

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search