Somalia: Shell/Exxon agreement

Issue 411 - 12 Mar 2020
Following the passing of a new petroleum law in early February, the Ministry of Petroleum and Mineral Resources said on 2 March it had agreed an initial roadmap to convert pre-1991 offshore concessions owned by a Shell/ExxonMobil joint venture into production-sharing agreements.The agreement is the next step towards the planned licensing of oil and gas exploration off the coast of Somalia. Officials hope that as well as indicating the commitment of the majors to the country, it raises the likelihood that other IOCs will enter the market.

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Africa Investment Exchange: Power & Renewables

16-17 November 2022, RSA House, London

Enabling power project development in Africa

First held at RSA House in 2014, AIX: Power & Renewables has become one of the meeting places of choice for Africa’s power sector stakeholders, including leading private and public sector investors, African officials and project developers.

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