Somalia’s offshore hydrocarbon systems have been slowly maturing since the Jurassic period. Now, after ten years of relative political peace, Somalia is set to emerge as the new hot-spot for the industry, offering not only vast reserves to match the Rovuma Basin of Mozambique, but also the most elusive of prizes in East Africa – black oil.
The Somali Petroleum Authority (SPA) was established to ensure a transparent and robust regulatory framework for external investors to explore petroleum potential whilst ensuring Somalia has maximum benefit.
In line with our core principle of transparency, we will post on Twitter relevant information and welcome questions. So please follow our Twitter account at @SPASomAuthority to be part of the discussion.
