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Somalia prepares for first bid round

 Somalia is preparing for a bid round covering seven blocks in its offshore with the official opening due on August 4.

The closing date is March 12, 2021, Somali Minister of Petroleum & Mineral Resources Abdirashid Mohamed Ahmed said. The areas on offer are Blocks 152, 153, 164, 165, 177, 178 and 204, the minister said.

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The Presidential Ratification is landmark moment in the development of Somalias natural resources, which will be transformational for the countrys development.

The offering is taking place in “challenging global circumstances with a negative impact on humanity and the global economy”, Ahmed said on a webinar organised by IHS Markit. The round is Somalia’s first ever licence round.

Link to bid round web page:somalialicensinground.com/

 

 

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