• Linkedin
  • Twitter
  • Rss

Oil, Gas & Energy Law

Skip navigation

Oil, Gas & Energy Law

Global Energy Law & Regulation Portal

Join OGELFORUM

Oil, Gas & Energy Law

Global Energy Law & Regulation Portal

  • Sign in
  • Subscribe
  • Home
  • Sign in
  • About About
    1. Home
    2. About
    3. About OGEL
    4. About OGEL
    5. Founding Editor T.W. Wälde
    6. T.W. Wälde
    7. Editorial team
    8. Editorial team
    9. Contributing Authors
    10. Contributing Authors
    11. Subscriptions
    12. Subscriptions
  • Journal Journal
    1. Home
    2. Journal
    3. Browse Issues
    4. Browse
    5. Articles by Category
    6. By Category
    7. Articles by Author
    8. By Author
    9. Advance publication
    10. Advance publication
    11. Specials
    12. Specials
    13. Search
    14. Search
    15. Book reviews
    16. Reviews
  • Legal & Regulatory docs. L & R docs
    1. Home
    2. Legal & Regulatory docs.
    3. L&R by Country
    4. L&R by Country
    5. L&R by Category
    6. L&R by Category
    7. L&R recent additions
    8. L&R recent additions
    9. Search
    10. Search
  • OGELFORUM OGELFORUM
    1. Home
    2. OGELFORUM
    3. About OGELFORUM
    4. About OGELFORUM
    5. Browse archive
    6. Browse by date / topic
    7. Search
    8. Search
    9. Join
    10. Join
  • News & Events Events
    1. Home
    2. News & Events
    3. News
    4. News
    5. Events
    6. Events
  • OGEL Studies OGEL Studies
    1. Home
    2. OGEL Studies
    3. About OGEL Studies
    4. About OGEL Studies
  • Subscribe
Home > Legal & Regulatory docs.

Somalia First Offshore Round Licensing Round - Tender Protocol - 2020

  • Sign in to download document
Country
  • Somalia
Year

2020

Summary

THE FEDERAL GOVERNMENT OF THE REPUBLIC OF SOMALIA
INTERNATIONAL LICENSING ROUND 2020
TENDER PROTOCOL
Tender Protocol Released: 24th November 2020

Somalia Petroleum Authority

INTRODUCTION

1 BACKGROUND

1.1 Overview of the developments in the petroleum sector in the last 30 years

1.1.1 Offshore Somalia remains one of the last truly frontier oil & gas basins in the world, with only two exploration wells drilled offshore along the 1,000 km-long margin, despite geological studies indicating that there could be substantial reserves of oil or gas that could transform the country and economy.

1.1.2 In the 1980's, the then government of Somalia signed a number of oil and gas licenses for offshore petroleum blocks, giving oil companies the right to undertake exploration and subsequently production activities. These companies included a number of major international oil companies (IOCs).

1.1.3 In 2012, the FGS was established and as part of the attempts to normalise the business environment, the FGS with the assistance of international development partners started a process to revive the petroleum sector.

1.1.4 From 2014 to 2017, the African Legal Support Facility led a project to support the FGS in reviewing its regulatory framework and to draft a production sharing agreement (Production Sharing Agreement) that represented international best practice and that could be used for future oil and gas transactions with IOCs. The Production Sharing Agreement has now gone through multiple reviews by various international development agencies, and a final Production Sharing Agreement 2020 version has been prepared for this Licensing Round.

1.1.5 In addition to preparing a new market standard Production Sharing Agreement, other development partners assisted with the brokering of a revenue sharing agreement between the member states in Somalia, which was considered to be a critical instrument in ensuring that revenues from regional petroleum operations will be distributed. In addition to the revenue sharing agreement, the FGS has also been working on a new Petroleum Law that provides a stable, long term legal and regulatory framework that promotes cooperation between IOCs and consortiums in a way that protects the investments of the exploration companies participating as well as the rights of the FGS.

1.1.6 The revenue sharing agreement has now been ratified and the new Petroleum Law became effective in February 2020. The new Petroleum Law also established the Somalia Petroleum Authority (SPA), which is now the responsible authority for regulating petroleum operations in Somalia. The purpose of the SPA is to:

(a) regulate the conduct of petroleum operations through the issuance, monitoring and enforcement of 'Authorisations' granted under the Petroleum Law;

(b) ensure that any entity granted an Authorisation is commercially, technically and financially competent;

(c) to ensure compliance of the Petroleum Law; and

(d) report to the Ministry.

1.1.7 Now that Somalia has an established petroleum authority, new Production Sharing Agreement and new Petroleum Act, the legal and regulatory framework is now in place that will allow IOCs to undertake significant investments in the petroleum sector.

...

To download this document you need to be a subscriber

Sign in

Forgot password?

Sign in

Subscribe

Fill in the registration form and answer a few simple questions to receive a quote.

Subscribe now

Documents missing? Documents to share? Let us know!

If you know of documents which are currently missing from our Legal & Regulatory database do let us know. You can send them directly to us for inclusion in the database, anonymously or otherwise.
Learn more here

Call for contributions

OGEL Call for Papers: COVID-19 and the Energy Transition

Dr. Theophilus Acheampong and Professor Tina Soliman Hunter

  • Dr. Theophilus Acheampong
  • Prof. Tina Hunter

OGEL Call for Papers: Law and Policy for Gas Flaring in a Low-carbon Economy

Dr. Tade Oyewunmi and Mohamed Rali Badissy

  • Dr. Tade Oyewunmi
  • Mohamed Rali Badissy

OGEL Call for Papers: The Circular Economy and the Energy Transition

Dr. Maria R. Mazzanti and Giacomo Luciani

OGEL Call for Papers

OGEL Call for Papers: The Hydrogen Economy

Dr. C. Kelly, Dr. M. Wüstenberg, Dr. S.L. Penttinen, Prof. K. Talus

  • Dr. Cameron Kelly
  • Dr. Moritz Wüstenberg
  • Dr. Sirja-Leena Penttinen
  • Prof. Kim Talus

OGEL Call for Papers: Review of the Energy Sector in Ghana

Victoria Ayensu

  • Victoria Ayensu

OGEL Call for Papers: Special Issue on Energy Transitions 2020

Nana Asare Obeng-Darko

  • Nana Asare Obeng-Darko
  • More
  • Contribute

Advance publication

Good Oil, Clean Waters? Ghana's Oil Decade and Environmental Protection

16 Dec 2020

A.B. Opoku Acquah

  • A.B. Opoku Acquah

The Hydrogen Hope? Challenges and Opportunities for an Australian Hydrogen Industry

15 Dec 2020

M. Taylor, T. Soliman Hunter

  • M. Taylor
  • T. Soliman Hunter

Taxonomy Regulation, Principle of Technological Neutrality and Delegated Acts - Does the Draft Screening Regulation Comply with EU Law Requirements?

14 Dec 2020

K. Talus

  • K. Talus
  • More
  • Contribute

Stay connected

Sign up for our email alerts.

  • Issues
  • Advance publication
  • News
  • Linkedin
  • Twitter
  • RSS

Join the debate

Want to join OGELFORUM, our unique platform for oil, gas and energy issues?

Simply fill in the registration form to start your trial membership.

Download the app

  1. App store
  2. Google play

The Oil, Gas & Energy Law Intelligence (OGEL, ISSN 1875-418X) Journal and OGELFORUM listserv focus on recent developments in the area of oil, gas, energy law, regulation, treaties, judicial and arbitral cases, voluntary guidelines, tax and contracting, including the oil, gas, energy geopolitics. Read our Terms & Conditions here, and our Privacy Policy here.

About OGEL

  • Terms & Conditions
  • Contribute
  • Subscriptions
  • Contact
  • Help

Other publications

  • Transnational Dispute Management (TDM)

© 2004 - 2021. Published by MARIS.

  • Home
  • Contribute
  • Subscriptions
  • Contact
  • Help