{"id":8765,"date":"2020-08-06T07:58:29","date_gmt":"2020-08-06T07:58:29","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=8765"},"modified":"2020-08-06T08:30:14","modified_gmt":"2020-08-06T08:30:14","slug":"africa-oil-week-to-host-somalia-licensing-round-derisking-above-ground-factors-session","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-week-to-host-somalia-licensing-round-derisking-above-ground-factors-session\/","title":{"rendered":"Africa Oil Week to Host \u201cSomalia Licensing Round: Derisking Above Ground Factors\u201d Session"},"content":{"rendered":"<p style=\"font-weight: 400;\">Africa Oil Week\u00a0 has announced that it will host a \u201c<a href=\"https:\/\/bit.ly\/31pFvm3\">Somalia Licensing Round<\/a>: Derisking Above Ground Factors\u201d session at its online conference, AOW Virtual. The session will be in partnership with TGS and the Somali Ministry of Petroleum and Mineral Resources and will take place this October 8.<\/p>\n<p>Somali Minister of Petroleum and Mineral Resources, Hon. Eng. Abdirashid Mohamed Ahmed, will open the session with an\u00a0exclusive address. Following this, an expert panel will present on\u00a0security, fiscal terms and seismic data available. The panellists are as follows:<\/p>\n<ul style=\"font-weight: 400;\">\n<li>Phil McDonald, Regional Director for Africa, Castor Vali<\/li>\n<li>Scot Fraser, Co-Founder, Ventura International Energy LLC,<\/li>\n<li>Dr Alessio Checconi, Senior Business Development Manager for Africa and the Middle East, TGS<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">The 90-minute session will be the first opportunity to hear directly from the Minister following the official licensing round announcement planned for August 4. Attendees will be encouraged to question the expert speakers directly about above and below ground risks, including offshore security concerns, attractiveness of fiscal terms and other factors that are a consideration for any oil and gas business looking to enter Somalia.<\/p>\n<p>There is no doubt that Somalia has become a significantly more attractive prospect since the signing of the country\u2019s Petroleum Law and Revenue Sharing Agreement earlier this year. With up to seven blocks on offer, the round, set to conclude in March 2021, presents Operators with the opportunity to enter one of the last truly frontier passive margins in the world.<\/p>\n<p>The\u00a0<strong>\u201c<\/strong>Somalia Licensing Round: Derisking Above Ground Factors\u201d session will be part of AOW Virtual, a two-day online conference recently launched by Africa Oil Week. The free-to-attend conference will aim to reignite the African upstream after a period of global downtime and will feature strategic outlooks from operators, a natural gas vs renewables debate and more.<\/p>\n<p>The 2020 Somali licensing round features up to 7 blocks that are up for the bidding process which are estimated to be among the most prospective areas for hydrocarbon explorations and production in Somalia. This licensing round opened on 4<sup>th<\/sup>\u00a0of August this year and will be closing on 12<sup>th<\/sup>\u00a0March 2021.<\/p>\n<p>In 2019 a rift has emerged between Kenya and Somalia over an <a href=\"https:\/\/bit.ly\/2PrmE4n\">alleged<\/a> licensing round by the horn of Africa country in London which Nairobi accused its neighbor of licensing some contentious blocks in the Indian Ocean. This was followed Kenya summoning its Ambassador to the Federal Republic of Somalia Amb. Lt. General (Rtd) Lucas Tumbo to Nairobi as well as sent a protest (demarche to Ambassador of Somalia in Nairobi).<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa Oil Week\u00a0 has announced that it will host a \u201cSomalia Licensing Round: Derisking Above Ground Factors\u201d session at its online conference, AOW Virtual. The session will be in partnership &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-week-to-host-somalia-licensing-round-derisking-above-ground-factors-session\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":7574,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,11],"tags":[3312,8097,8096,1600,2352,8095,6983,8098],"class_list":["post-8765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-top-news","tag-africa-oil-week","tag-castor-vali","tag-eng-abdirashid-mohamed-ahmed","tag-ministry-of-petroleum-and-mineral-resources","tag-somalia","tag-somalia-licensing-round","tag-tgs","tag-ventura-international-energy-llc","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/Somalia-Licensing-Round-1.jpg?fit=511%2C730&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2hn","jetpack-related-posts":[{"id":8206,"url":"https:\/\/www.oilnewskenya.com\/index.php\/somalia-launches-first-offshore-licensing-round\/","url_meta":{"origin":8765,"position":0},"title":"Somalia Launches First Offshore Licensing Round","author":"","date":"May 18, 2020","format":false,"excerpt":"The Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia announces the launching of Somalia\u2019s first offshore licensing round. Due to the spread of the global pandemic, COVID \u2013 19, and resulting restrictions, the Ministry decided to launch the licensing round virtually. The 2020 Somali licensing round\u2026","rel":"","context":"In &quot;Eastern Africa&quot;","block_context":{"text":"Eastern Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/eastern-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/somalia-seismic.jpg?fit=654%2C422&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/somalia-seismic.jpg?fit=654%2C422&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/somalia-seismic.jpg?fit=654%2C422&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":11880,"url":"https:\/\/www.oilnewskenya.com\/index.php\/somalia-coastline-exploration-signs-seven-production-sharing-agreements\/","url_meta":{"origin":8765,"position":1},"title":"SOMALIA: Coastline Exploration Signs Seven PSA&#8217;s Amid Rejection from President and PM","author":"","date":"February 21, 2022","format":false,"excerpt":"Coastline Exploration has signed seven Production Sharing Agreements (PSAs) covering offshore, deep-water blocks of the Federal Republic of\u00a0Somalia. These PSAs enable Coastline to proceed with plans to explore for oil and gas on the many prospects and leads identified in these offshore blocks. The announcement was confirmed by Somalia's Minister\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/Somalia-licensing-round.png?fit=601%2C390&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/Somalia-licensing-round.png?fit=601%2C390&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/Somalia-licensing-round.png?fit=601%2C390&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7879,"url":"https:\/\/www.oilnewskenya.com\/index.php\/somalia-approves-new-petroleum-law\/","url_meta":{"origin":8765,"position":2},"title":"Somalia Approves New Petroleum Law","author":"","date":"January 7, 2020","format":false,"excerpt":"Somalia\u2019s Parliament \u00a0upper house earlier this week approved a new petroleum legislation, aimed at providing a regulatory framework that has been lacking and overall attract major international companies which exited the country over three decades ago. The new law will above all establish revenue sharing between the Somalia National Government\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/Somalia-Licensing-Round-1.jpg?fit=511%2C730&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7070,"url":"https:\/\/www.oilnewskenya.com\/index.php\/somalia-implement-oil-mining-framework\/","url_meta":{"origin":8765,"position":3},"title":"Somalia to Implement Oil, Mining Framework","author":"","date":"June 18, 2018","format":false,"excerpt":"The Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia has drafted regulations to manage the country\u2019s petroleum and mineral resources sectors, especially in regard to ownership and revenue sharing. The agreement was made by the federal government and the federal member states of the National Security\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/06\/Somalia-oil-and-gas.jpg?fit=900%2C603&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/06\/Somalia-oil-and-gas.jpg?fit=900%2C603&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/06\/Somalia-oil-and-gas.jpg?fit=900%2C603&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/06\/Somalia-oil-and-gas.jpg?fit=900%2C603&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":12587,"url":"https:\/\/www.oilnewskenya.com\/index.php\/somalia-new-minister-for-petroleum-mineral-resources-takes-office\/","url_meta":{"origin":8765,"position":4},"title":"SOMALIA: New Minister for Petroleum &#038; Mineral Resources Takes Office","author":"","date":"August 23, 2022","format":false,"excerpt":"The minister of petrol and mining of the Federal Government of Somalia has taken over his position. The deputy prime minister of the Federal Government of Somalia Mr. Salah Jaamac has handed over the new minister Abdirisaaq Omar Maxamed and the former minister of the ministry Mr. Abdirashid Maxamed Ahmed.\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/08\/Somalia-Ministry.jpg?fit=960%2C640&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/08\/Somalia-Ministry.jpg?fit=960%2C640&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/08\/Somalia-Ministry.jpg?fit=960%2C640&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/08\/Somalia-Ministry.jpg?fit=960%2C640&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":7771,"url":"https:\/\/www.oilnewskenya.com\/index.php\/with-first-oil-target-set-for-2027-somalia-is-keen-to-showcase-its-untapped-potential-to-the-world\/","url_meta":{"origin":8765,"position":5},"title":"With first oil target set for 2027, Somalia is keen to showcase its untapped potential to the world","author":"","date":"September 9, 2019","format":false,"excerpt":"Following the signing of a new Petroleum Law and Revenue Sharing Agreement in May of this year, as well as the unveiling of its first ever offshore licensing round (15 blocks covering 75,000 sq. km), the Horn of Africa nation is keen to show the world that it is open\u2026","rel":"","context":"In \"Spectrum Geo\"","block_context":{"text":"Spectrum Geo","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/spectrum-geo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/09\/Somalia-PR-SM-1.png?fit=1200%2C627&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/09\/Somalia-PR-SM-1.png?fit=1200%2C627&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/09\/Somalia-PR-SM-1.png?fit=1200%2C627&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/09\/Somalia-PR-SM-1.png?fit=1200%2C627&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/09\/Somalia-PR-SM-1.png?fit=1200%2C627&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/8765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=8765"}],"version-history":[{"count":3,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/8765\/revisions"}],"predecessor-version":[{"id":8769,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/8765\/revisions\/8769"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/7574"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=8765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=8765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=8765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}