oil plant and large oil press ing machine of in somalia

                                               
                                               
                                               
                                               
                                               
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  • What oil companies operate in Somalia?
  • Energy firms like Royal Dutch Shell and ExxonMobil operated in Somalia before the government collapsed in 1991. In 2020, the government passed a petroleum law under which the Somali Petroleum Authority was established to regulate the industry and guide deals with international contractors.
  • What if a contractor makes oil & gas discovery in Somalia?
  • If the Contractor makes oil and gas discovery, it should inform the Somali Petroleum Authority and submit a Development Program for exploration to start. The production period would be typically 25 years with the possibility of extension for 10 years. It should also prepare Production Work Program and budget annually
  • Why did oil and gas companies leave Somalia?
  • Prior to the conflict and collapse of the government in 1991, international oil and gas majors had exploration agreements in Somalia, but they withdrew from the country because of the civil war. Energy firms like Royal Dutch Shell and ExxonMobil operated in Somalia before the government collapsed in 1991.
  • What is the Somali Petroleum Authority & how does it work?
  • In 2020, the government passed a petroleum law under which the Somali Petroleum Authority was established to regulate the industry and guide deals with international contractors. Licensing rounds have the potential to generate much greater revenue for Somalia and its regions.
  • How much oil does Somalia have?
  • Geo-seismic studies have shown that Somalia may have at least 30 billion barrels of oil and gas reserves, but these resources will take time to develop, as detailed exploration generally takes three to five years, and production can only begin afterward.
  • What happened to petroleum operations in Somalia before 2008?
  • Prior to 2008, petroleum operations were managed by concessions granted by central Government. This status came to an end on 7 August 2008 as a result of the Petroleum Law passed by the Somali interim parliament and signed by His Excellency Abdullahi Yusuf Ahmed, The President of Transitional Federal Government of Somalia.