Complex PSC Regime split under three governing bodies. Petroleum operations are regulated and taxed by the different administrative authorities in Somalia, Somaliland, and the semi-autonomous region of Puntland. While tax categories are the same in all regions (consisting primarily of Royalties, Profit Share, and Income Tax), but amounts and structure vary by regime.
Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.
This country report gives an overview of the key fiscal issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream fiscal summary report is your definitive commercial guide.
Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.
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Country report | Sep 2016
Somalia upstream fiscal summary
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