Country Report
Somalia upstream summary
Report summary
Somalia's nascent upstream industry is hindered by above-ground risk. No oil or gas discoveries have been made. The risk of political and criminal violence will continue to deter exploration. Onshore, firms with licenses in the contested area between Puntland and Somaliland have been threatened with attack. Offshore, although incidents of piracy have declined, the need for security management and vessel protection adds to costs. Politically, the Federal government of Somalia does not ...
Table of contents
- 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
- Historical licensing activity
-
Drilling
- 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
- Basis
- Government equity participation
-
Fiscal terms
- Bonuses, rentals and fees
- Indirect taxes
- Royalty
- Domestic market obligation (DMO)
- PSC cost recovery
- PSC profit sharing
- Corporate income tax
- Fiscal treatment of decommissioning costs
-
Product Pricing
- Liquids Pricing
- Natural Gas Pricing
-
Overview
Tables and charts
This report includes 19 images and tables including:
- Key facts: Table 1
- Location maps: Image 1
- Net Acreage 2024
- Map of Petroleum Basins
- Exploration: Table 1
- Licence Map (Somalia, Somaliland and Puntland)
- Exploration: Table 2
- Exploration Drilling by Basin
- Somalia
- Fiscal terms: Table 2
- Fiscal terms: Table 3
- Fiscal terms: Table 4
- Fiscal terms: Table 5
- Fiscal terms: Table 6
- Fiscal terms: Table 7
- Summary of modelled terms
- Fiscal terms: Table 9
- Fiscal terms: Table 10
- Fiscal terms: Table 11
What's included
This report contains:
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