The Future of Somalia Oil and Gas Exploration

Executive Summary

Somalia has long been rumoured to possess significant hydrocarbon reserves, with geological assessments suggesting potential for both onshore and offshore oil and gas deposits. This report examines the prospects and challenges facing oil and gas exploration in Somalia, providing analysis for companies considering investment in this frontier market.

Key areas of analysis include:

• Overview of Somalia's geological potential and historical exploration activities
• Assessment of the regulatory environment and production sharing agreements
• Analysis of competing jurisdictional claims between Federal Government, Puntland, and Somaliland
• Security considerations and operational risks for exploration companies
• Impact of UN sanctions and international compliance requirements
• Examination of current exploration activities and key industry players
• Outlook for future development and recommendations for potential investors

The report provides essential context for understanding the complex political, security, and commercial landscape affecting hydrocarbon exploration in Somalia.