Somalia Licensing Round
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On 7th February 2019, the Federal Government of Somalia held the ‘Offshore Somalia Oil and Gas Conference’ in London, UK. Deputy Speaker of the House of the People, Abdiwali Sheikh Ibrahim Muudeey and Minister of Petroleum and Mineral Resources, His Excellency Abdirashid Mohamed Ahmed, were in attendance to welcome delegates and to introduce industry experts who outlined the Tender Protocol Process and attractive Fiscal Terms on offer.

In additional, delegates were shown a presentation outlining the likelihood of oil or gas discoveries offshore Somalia through knowledge gained from scientific papers, expert findings and the analysis of seismic imaging results.

In preparation for the offshore licensing round, Spectrum has completed acquisition and processing of 20,185 km of 2D long-offset seismic data, following a co-operation agreement with the Federal Government of Somalia. This program complements 20,500 km of existing seismic data acquired in 2014.

The survey design, which covers water depths of 30 m to 4,000 m, has allowed for seismic coverage over the shelf, slope and basin floor with dip, strike and recording time intervals suitable for defining a range of leads and prospects. Modern processing algorithms were applied to the raw data to achieve optimal imaging.


License Round Information

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Som-Hotlink-4-FRAMED

Roadshow Information Book

Download the Offshore Somalia London Oil & Gas event information booklet.

Tender Protocol

Document pending update.

Production Sharing

The model offshore Production Sharing Agreement.

Petroleum Law

A copy of the Petroleum Law of Somalia.

Somalia 1st Offshore License Round Schedule

EventDates
Publication of the Tender Protocol
7 February 2019
Opening of the Data Room by Spectrum
8 February 2019
Final date for questions and comments regarding Qualification
4 July 2019
Final date for an application for Qualification
11 July 2019
Final date for MINISTRY to qualify Operators and Non-Operators
29 August 2019
Final date for questions and comments regarding the Protocol and Production Sharing Agreement
2 September 2019
Publication of final version of Protocol and Production Sharing Agreement, in case MINISTRY
decides to make changes because of clarifications and comments of the Participants
12 September 2019
Final date for registering a Consortium
17 October 2019
Final date for MINISTRY to answer questions regarding the procedure of making Proposals
31 October 2019
Close of Data Room access
6 November 2019
Final Date for Submission of Bids. Successful Bidder(s) will be notified shortly afterwards
7 November 2019
Final Date for signing of the Production Sharing Agreement by winning bidder
9 December 2019
Final Date of approval of the signed Agreement by the Council of Ministers and for signing by the Minister
19 December 2019
Effective Date of the Production Sharing Agreement
1 January 2020