Somalia Petroleum Law - SomaliTalk.com

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Somalia Petroleum Policy: Principles 1 and 2• Principle 1: Somalia should undertake an effort todiscover whether petroleum exists within itsterritory, so that the people of Somalia can benefitfrom it.• Principle 2: Activities to explore for, (and ifexploration results are successful) develop andproduce petroleum in Somalia must not undulyadversely affect the Somali environment (air,water, land, flora and fauna).
Somalia Petroleum Policy: Consequences of Principle 1• it will require extensive reconnaissance and the drilling ofat least 100 to 200 wells to determine whether Somaliahas petroleum resources within its territory• the Government of Somalia could undertake this; but:• drilling is a risky enterprise• > 9 out of every 10 exploratory wells are dry• drilling is an expensive enterprise• wells cost from $4 million to $30 million each, depending onvarious factors• petroleum exploration, development and production requiresspecialized knowledge and expertise• it has been said that "oil is found in the minds of men"• the Somali Republic currently lacks the financial andtechnical resources to explore for oil by itself• there are foreign enterprises who are qualified financiallyand technically to do so, and are prepared to take theexploration risks involved
Page 3: Somali Petroleum Law Team and Advis
Page 6 and 7: Somalia Petroleum Policy and Petrol
Page 8 and 9: Framework of a Petroleum RegimeCons
Page 10 and 11: Somalia Petroleum Policy: The Chart
Page 12 and 13: Somalia Petroleum Policy: Context
Page 14 and 15: Somalia Petroleum Policy: Context
Page 18 and 19: Somalia Petroleum Policy: Principle
Page 20 and 21: Somalia Petroleum Policy: Principle
Page 22 and 23: Somalia Petroleum Policy: Consequen
Page 24 and 25: Usage of Host Government Contract T
Page 30 and 31: Somalia Petroleum Policy: Additiona
Page 32 and 33: Somalia Petroleum Policy: Eleven Pr
Page 34 and 35: Agenda• Introduction of Somali Pe
Page 36 and 37: Draft Petroleum Law of Somalia• t
Page 42 and 43: Suggested Timetable re Petroleum La
Page 46 and 47: Draft Production Sharing Agreement
Page 50 and 51: Financial Features of PSA• AFTER
Page 52 and 53: Summary : Profit Oil Distribution i
Page 54 and 55: Financial Features of PSA• Draft
Page 60 and 61: Issues for Discussion with States
Page 64 and 65: Consequences of Puntland Contract o
Page 66 and 67:
Agenda• Introduction of Somali Pe
Page 68 and 69:
Conclusion• The Petroleum Law of
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Somalia Petroleum Law - SomaliTalk.com

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