Somali Regulator Unveils Board Line Up Ahead of Historic Offshore Licensing Round

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 another representing the Federal Government of Somalia (FGS).

Somali regulator unveils board line-up ahead of historic offshore licensing round

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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.