PRESS RELEASES

MOGADISHU (HOL) – President Mohamed Farmaajo Saturday signed the amended Petroleum Law marking a major milestone for the country’s efforts to exploit oil resources even as some Federal Member States rejected the law as lacking in consultations. Villa Somalia said in a statement the signing into law of the Petroleum Law ‘demonstrates to international investors […]

Somali Petroleum Authority board has been approved by the Mogadishu government ahead of licensing round Somalia’s cabinet approved the board members of the Somali Petroleum Authority (SPA) on 30 July, passing a significant milestone as the Ministry of Petroleum and Mineral Resources prepares to launch its first licensing round on 4 August. The appointment of

CAPE TOWN, Aug 5 (Reuters) – Somalia expects to announce the winners of its first oil and gas licensing round early next year, as the country seeks petro dollars to help rebuild its struggling economy, a senior government oil official said on Wednesday. Battered by violence and an Islamist insurgency since clan warlords overthrew a

MOGADISHU (HOL) – The petroleum sector regulatory body Somali Petroleum Authority has appointed seven board members representing the Federal Member States and the Federal Government. In a statement Wednesday, the authority said the appointments were in line with the provisions of the Petroleum Act. “The Board will oversee all the SPA’s activities to ensure that

Somalia is racing to staff up its fledgling oil bureaucracy to manage suitor interest ahead of concluding an offshore bidding round, the country’s first major international licensing exercise to be conducted in several decades. The Somali Petroleum Authority (SPA) on Wednesday appointed six independent directors to its board, each representing a Somali component state with

The licence round has been announced, the petroleum law ratified, and geoscientists are pouring over the seismic. Are we finally set to see the undoubted exploration opportunities of one of the world’s last true hydrocarbon frontiers finally realised? The seismic below is a dip line from southern offshore Somalia showing fold and thrust belt with