Country report
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17 Pages

Somalia upstream summary


Somalia upstream summary

Report summary

There are no oil or gas discoveries in Somalia. Exploration activity continues to be hindered by above ground risk. A new Petroleum Law (2013) has been drafted, but has yet to be enforced. Until the law is in place, we do not expect any drilling programmes to be announced.Politically, the Federal Government of Somalia does not exert full control over the country. Both the semi-autonomous state of Puntland and the self-declared independent state of Somaliland issue their own exploration ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 706.69 KB 17 Pages, 10 Tables, 5 Figures
  • Country Overview XLS - 456.00 KB

Description

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 upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary 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.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • Southern Gulf of Aden Basin
    • Sagaleh Basin
    • Somali-Ogaden-Mandera Lugh Basin
    • Mogadishu-Somali Basin
    • Lamu Embayment Basin
  • Exploration
    • Licensing
    • Historic Licensing Activity
    • Drilling
      • Drilling activity
      • Drilling activity
      • Future Drilling Activity
  • Reserves and resources
  • Production
    • Oil/liquids
    • Gas
  • Infrastructure
    • Introduction
  • Policy and regulation
    • Key legislation
    • Regulatory body
    • State oil company
    • State participation
    • International boundaries
    • Licensing
  • Fiscal terms
    • Overview
      • Upstream
      • Mid/Downstream
    • Current fiscal terms
    • Production Sharing Contract Terms
    • State equity participation
    • Bonuses, rentals and fees
    • Royalty
    • Domestic Market Obligation (DMO)
    • Cost Recovery
    • Production / Profit Sharing
    • Product Pricing
      • Liquids Pricing
      • Natural Gas Pricing
    • Corporate (or Petroleum) Income Tax
    • Additional Profits Taxes
    • Fiscal/Contractual Ring-Fences
    • Dividend Withholding Tax

In this report there are 15 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Location maps: Image 1
  • Key companies
    • Net Acreage 2016
  • Geology
    • Map of Petroleum Basins
  • Exploration
    • Exploration: Table 1
    • Licence Map (Somalia, Somaliland and Puntland)
    • Exploration: Table 2
    • Exploration Drilling by Basin
  • Reserves and resources
  • Production
  • Infrastructure
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Fiscal terms: Table 5
    • Fiscal terms: Table 6
    • Fiscal terms: Table 7
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