Somalia: Exploration hopes


Issue 425 - 22 Oct 2020 | 2 minute read

Somalia hopes that its current licensing round means oil exploration can get under way by Q4 2021.A licensing round offering seven blocks opened in May and is due to close on 12 March. Somali Petroleum Authority (SPA). chairman and chief executive Ibrahim Ali Hussein told the Africa Oil Week virtual conference on 8 October that he expected block awards to be made in early April and companies to mobilise immediately to launch exploration work. “By Q4 next year exploration will start,” he said.

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