Developer docs
API playgroundTry for free, no card

Search company profiles

Somali Petroleum Authority

Full company profile

uuid008zflo

Namestring
Somali Petroleum Authority
Legal namestring
Somali Petroleum Authority
Websiteurl
hbs.gov.so
Company typeenum
Private
Founded yearint
2020
Descriptiontext

The Somali Petroleum Authority (SPA) is the federal regulatory body established under Somalia's 2020 Petroleum Law to govern petroleum exploration and production across the country. Headquartered in Mogadishu with a workforce of 51–100 employees, SPA is the exclusive authority for licensing blocks, negotiating and administering Production Sharing Agreements (PSAs), and collecting the federal share of petroleum revenue. Its statutory remit extends across eight identified petroleum basins and includes both onshore acreage and the country's largely unexplored offshore, where only one well has historically been drilled and no deepwater exploration has yet occurred.

SPA's principal counterparties are international oil companies. Shell and ExxonMobil together hold roughly 60,000 km² of exploration acreage, TPAO (Turkey's national oil company) operates three onshore blocks (142, 152, 153) under a cooperation arrangement with the Government of Türkiye, and Liberty Petroleum holds additional acreage. The underlying technical base includes approximately 20,000 km of 2D seismic data originally acquired by Spectrum in 2015 and cataloged basin data dating to the first petroleum discoveries in 1948.

The Authority's economic model is regulatory rather than commercial: it earns no product revenue, deriving its financial significance from licensing fees, signature bonuses, and the fiscal terms embedded in PSAs. Under the 2020 Petroleum Law framework, any future petroleum revenue is distributed 55% to the federal government, 25% to producing regional states, 10% to local government, and 10% to non-petroleum-producing member states. The Authority is led by Chairman Eng. Abdulqadir Aden and operates as a non-profit, state-funded institution.

Short descriptiontext

The Somali Petroleum Authority is Somalia's statutory petroleum regulator, established in 2020 under the Petroleum Law to license blocks, administer Production Sharing Agreements, and oversee exploration by international oil companies across the country's eight petroleum basins.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersMogadishu, Somalia
HQ citystring
Mogadishu
HQ countrystring
Somalia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
petroleum regulatory authority, oil and gas regulation, production sharing agreements, offshore licensing rounds, upstream petroleum management
Industry3 codes
PRIMARYEUALAAAM
Upstream HSE, Regulatory Compliance & Emissions Management (Methane/Flare)
SECONDARYEUALAAAB
Mineral Rights, Leasing & Land Management
SECONDARYBPAIAMAJ
Minerals, Mining & Geologic Resources Administration
Business & Public Services/Public Sector & Government Administration/Environmental Protection & Natural Resources Administration
NAICS code1 code
  • Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors92615
SIC code1 code
  • Oil & Gas Field Exploration Services1382
Product category
Petroleum Regulatory Services
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Operations, Technology or R&D, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

The Somali Petroleum Authority regulates and manages Somalia's upstream oil and gas industry under the 2020 Petroleum Law. It issues Production Sharing Agreements (PSAs), administers the First Offshore Licensing Round, grants Reconnaissance Authorizations for geological surveys, and provides Surface Access Authorizations for exploration activities. The authority also oversees the Somali National Petroleum Company (SONOC), which can hold up to 20% ownership in petroleum projects under PSAs.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

The Somali Petroleum Authority (SPA) is a regulatory body, not a typical software or technology product company. SPA regulates and manages Somalia's petroleum industry through several interconnected mechanisms: it issues Production Sharing Agreements (PSAs) that govern exploration and production rights for international oil companies; it administers the First Offshore Licensing Round for offshore petroleum blocks; and it oversees the Somali National Petroleum Company (SONOC), which holds up to 20% ownership in petroleum projects. SPA also issues Reconnaissance Authorizations for geological surveys and Surface Access Authorizations for exploration activities. The authority's core functions include regulating petroleum operations, ensuring company qualifications, certifying authorizations, and monitoring the petroleum industry under the 2020 Petroleum Law framework.

Product and service1 record
1Production Sharing Agreements (PSA)
Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership4 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-10-10
Description

Three-day Technical Committee Meeting in Mogadishu (October 10-12, 2025) co-chaired by SPA Chairman Eng. Abdulqadir Aden and TPAO Director Mr. Korhan Akin. Discussions focused on Blocks 142, 152, and 153, including seismic data interpretation, basin analysis, and preparation for drilling phase. The partnership has completed seismic acquisition and processing, with data interpretation underway to identify optimal drilling locations. Cooperation extends to HSE Management System establishment, capacity building, and financial planning frameworks.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2024-03-11
Description

The Federal Government of Somalia signed an oil exploration deal with Liberty Petroleum, an American company based in Phoenix, Arizona. The agreement grants Liberty Petroleum the right to explore three offshore blocks within Somalia's Deepwater zone. This partnership is expected to unlock valuable resources, increase government revenue for investment in education, healthcare, and infrastructure, and create job opportunities within Somalia's oil and gas sector.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2024-03-07
Description

Inter-governmental cooperation agreement between Somalia and Türkiye for oil and gas cooperation, signed March 7, 2024. The agreement encompasses exploration, assessment, development, and production of oil and gas within Somalia's terrestrial and maritime blocks. Türkiye will undertake exploration activities including seismic surveys in identified offshore areas. The agreement covers transportation, distribution, refining, sales, and service operations of oil and related products. Further negotiations will delineate roles and responsibilities for future production-sharing arrangements.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Shell and ExxonMobil are legacy concession holders with 60,000 km² of offshore Somalia. In 2019, they agreed to resume petroleum exploration in Somalia. In 2020, they made a legacy payment of $1.7 million, distributed in accordance with the new Revenue Sharing Agreement. They continue paying surface rental fees and are parties to the Shell/Exxon joint venture E&P roadmap signed with the Federal Government of Somalia.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Uganda's upstream petroleum regulator established to oversee licensing, PSA negotiation, and monitoring of exploration and production. Comparable to SPA as a recently established African upstream regulator operating in a frontier context with international IOC partnerships.

TypeDirect peer
Description

Tanzania's national petroleum entity responsible for upstream regulation and state participation. Directly comparable as an East African coastal regulator managing deepwater exploration and a national oil company role analogous to SPA's SONOC mandate.

TypeBroad incumbent
Description

Suriname's state oil company that combines regulatory oversight, national oil company functions, and frontier offshore acreage management. Comparable to SPA because it sits at the intersection of regulator and national oil company in a small frontier jurisdiction now attracting super-major investment offshore.

TypeOthers
Description

Turkey's national oil company that is SPA's most active technical partner, co-chairing the October 2025 Technical Committee Meeting on Blocks 142, 152, and 153. Comparable as a state oil company counterpart engaged in frontier offshore exploration under SPA's regulatory framework.

TypeOthers
Description

US-based independent oil company that signed an exploration deal with the Federal Government of Somalia in March 2024 for three deepwater blocks. Not a regulator but a directly relevant counterparty and IOC peer operating under SPA's licensing framework.

6Mozambique Instituto Nacional de Petróleo (INP)
TypeDirect peer
Description

Mozambique's national petroleum regulatory authority overseeing offshore exploration in the Rovuma Basin. Directly comparable as an East African coastal state regulator that has managed large IOC PSAs and faces similar frontier-market capacity-building challenges.

TypeRegional player
Description

Guyana's government authority managing the rapidly developed offshore oil sector. Comparable as a frontier-jurisdiction regulator overseeing a surge in deepwater IOC activity, though in a more mature stage of the exploration-to-production cycle than Somalia.

TypeDirect peer
Description

Ghana's upstream petroleum regulator managing exploration and production licensing in the West African offshore. Directly comparable as a recently established national petroleum regulator with a modern PSA framework and IOC licensing mandate.

TypeBroad incumbent
Description

Somalia's parent ministry that oversees SPA. Comparable as the policy-setting counterpart within the same jurisdiction and the entity SPA reports to under the 2020 Petroleum Law.

TypeDirect peer
Description

National upstream petroleum regulator for a frontier Southern African jurisdiction that, like Somalia, began opening new offshore basins (Orange Basin) to international exploration in recent years. Directly comparable as a frontier-market upstream regulator managing licensing rounds and PSA frameworks.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Somali Petroleum Authority

Petroleum Regulatory Serviceshbs.gov.so

The Somali Petroleum Authority is Somalia's statutory petroleum regulator, established in 2020 under the Petroleum Law to license blocks, administer Production Sharing Agreements, and oversee exploration by international oil companies across the country's eight petroleum basins.

What Somali Petroleum Authority does

The Somali Petroleum Authority (SPA) is the federal regulatory body established under Somalia's 2020 Petroleum Law to govern petroleum exploration and production across the country. Headquartered in Mogadishu with a workforce of 51–100 employees, SPA is the exclusive authority for licensing blocks, negotiating and administering Production Sharing Agreements (PSAs), and collecting the federal share of petroleum revenue. Its statutory remit extends across eight identified petroleum basins and includes both onshore acreage and the country's largely unexplored offshore, where only one well has historically been drilled and no deepwater exploration has yet occurred.

SPA's principal counterparties are international oil companies. Shell and ExxonMobil together hold roughly 60,000 km² of exploration acreage, TPAO (Turkey's national oil company) operates three onshore blocks (142, 152, 153) under a cooperation arrangement with the Government of Türkiye, and Liberty Petroleum holds additional acreage. The underlying technical base includes approximately 20,000 km of 2D seismic data originally acquired by Spectrum in 2015 and cataloged basin data dating to the first petroleum discoveries in 1948.

The Authority's economic model is regulatory rather than commercial: it earns no product revenue, deriving its financial significance from licensing fees, signature bonuses, and the fiscal terms embedded in PSAs. Under the 2020 Petroleum Law framework, any future petroleum revenue is distributed 55% to the federal government, 25% to producing regional states, 10% to local government, and 10% to non-petroleum-producing member states. The Authority is led by Chairman Eng. Abdulqadir Aden and operates as a non-profit, state-funded institution.

Somali Petroleum Authority firmographics

Firmographics
Name
Somali Petroleum Authority
Legal name
Somali Petroleum Authority
Website
https://hbs.gov.so
Company type
Private
Founded year
2020
Operating status
Operating
Headcount range
51–100 employees
Short description
The Somali Petroleum Authority is Somalia's statutory petroleum regulator, established in 2020 under the Petroleum Law to license blocks, administer Production Sharing Agreements, and oversee exploration by international oil companies across the country's eight petroleum basins.
Ownership category
akta.pro rank

Somali Petroleum Authority industry classification

Industry
Product category
Petroleum Regulatory Services
NAICS
Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors (92615)
SIC
Oil & Gas Field Exploration Services (1382)
akta.pro industry
PRIMARYEUALAAAM
Upstream HSE, Regulatory Compliance & Emissions Management (Methane/Flare)
SECONDARYEUALAAAB
Mineral Rights, Leasing & Land Management
SECONDARYBPAIAMAJ
Minerals, Mining & Geologic Resources Administration
Business & Public Services/Public Sector & Government Administration/Environmental Protection & Natural Resources Administration

Keywords

  • Petroleum regulatory authority
  • Oil and gas regulation
  • Production sharing agreements
  • Offshore licensing rounds
  • Upstream petroleum management

Where Somali Petroleum Authority is headquartered

Location

Headquarters

HQ city
Mogadishu
HQ country
Somalia

Offices1 record

Markets served

Somali Petroleum Authority business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Others

Distribution channels1 record

Marketing channels3 records

Somali Petroleum Authority product offering

Product offering

Core offering

The Somali Petroleum Authority regulates and manages Somalia's upstream oil and gas industry under the 2020 Petroleum Law. It issues Production Sharing Agreements (PSAs), administers the First Offshore Licensing Round, grants Reconnaissance Authorizations for geological surveys, and provides Surface Access Authorizations for exploration activities. The authority also oversees the Somali National Petroleum Company (SONOC), which can hold up to 20% ownership in petroleum projects under PSAs.

Product overview

The Somali Petroleum Authority (SPA) is a regulatory body, not a typical software or technology product company. SPA regulates and manages Somalia's petroleum industry through several interconnected mechanisms: it issues Production Sharing Agreements (PSAs) that govern exploration and production rights for international oil companies; it administers the First Offshore Licensing Round for offshore petroleum blocks; and it oversees the Somali National Petroleum Company (SONOC), which holds up to 20% ownership in petroleum projects. SPA also issues Reconnaissance Authorizations for geological surveys and Surface Access Authorizations for exploration activities. The authority's core functions include regulating petroleum operations, ensuring company qualifications, certifying authorizations, and monitoring the petroleum industry under the 2020 Petroleum Law framework.

Differentiator

Problem solved

Functional benefit

Products and services

  • Production Sharing Agreements (PSA)

Companies that use Somali Petroleum Authority

Customer profile

Segments1 record

Ideal customer profiles1 record

Somali Petroleum Authority technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Somali Petroleum Authority partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core.

  • Turkish Petroleum Company (TPAO)coreStrategic or Co-development Partner · 10 October 2025Three-day Technical Committee Meeting in Mogadishu (October 10-12, 2025) co-chaired by SPA Chairman Eng. Abdulqadir Aden and TPAO Director Mr. Korhan Akin. Discussions focused on Blocks 142, 152, and 153, including seismic data interpretation, basin analysis, and preparation for drilling phase. The partnership has completed seismic acquisition and processing, with data interpretation underway to identify optimal drilling locations. Cooperation extends to HSE Management System establishment, capacity building, and financial planning frameworks.
  • Liberty PetroleumcoreStrategic or Co-development Partner · 11 March 2024The Federal Government of Somalia signed an oil exploration deal with Liberty Petroleum, an American company based in Phoenix, Arizona. The agreement grants Liberty Petroleum the right to explore three offshore blocks within Somalia's Deepwater zone. This partnership is expected to unlock valuable resources, increase government revenue for investment in education, healthcare, and infrastructure, and create job opportunities within Somalia's oil and gas sector.
  • Türkiye (Turkey)coreStrategic or Co-development Partner · 7 March 2024Inter-governmental cooperation agreement between Somalia and Türkiye for oil and gas cooperation, signed March 7, 2024. The agreement encompasses exploration, assessment, development, and production of oil and gas within Somalia's terrestrial and maritime blocks. Türkiye will undertake exploration activities including seismic surveys in identified offshore areas. The agreement covers transportation, distribution, refining, sales, and service operations of oil and related products. Further negotiations will delineate roles and responsibilities for future production-sharing arrangements.
  • Shell and ExxonMobilcoreStrategic or Co-development PartnerShell and ExxonMobil are legacy concession holders with 60,000 km² of offshore Somalia. In 2019, they agreed to resume petroleum exploration in Somalia. In 2020, they made a legacy payment of $1.7 million, distributed in accordance with the new Revenue Sharing Agreement. They continue paying surface rental fees and are parties to the Shell/Exxon joint venture E&P roadmap signed with the Federal Government of Somalia.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Somali Petroleum Authority competitors and assessment

Company assessment

Direct peers

  • Petroleum Authority of Uganda (PAU): Uganda's upstream petroleum regulator established to oversee licensing, PSA negotiation, and monitoring of exploration and production. Comparable to SPA as a recently established African upstream regulator operating in a frontier context with international IOC partnerships.
  • Tanzania Petroleum Development Corporation (TPDC): Tanzania's national petroleum entity responsible for upstream regulation and state participation. Directly comparable as an East African coastal regulator managing deepwater exploration and a national oil company role analogous to SPA's SONOC mandate.
  • Mozambique Instituto Nacional de Petróleo (INP): Mozambique's national petroleum regulatory authority overseeing offshore exploration in the Rovuma Basin. Directly comparable as an East African coastal state regulator that has managed large IOC PSAs and faces similar frontier-market capacity-building challenges.
  • Petroleum Commission of Ghana: Ghana's upstream petroleum regulator managing exploration and production licensing in the West African offshore. Directly comparable as a recently established national petroleum regulator with a modern PSA framework and IOC licensing mandate.
  • Namibia Petroleum Commission: National upstream petroleum regulator for a frontier Southern African jurisdiction that, like Somalia, began opening new offshore basins (Orange Basin) to international exploration in recent years. Directly comparable as a frontier-market upstream regulator managing licensing rounds and PSA frameworks.

Broad incumbents

  • Suriname Staatsolie: Suriname's state oil company that combines regulatory oversight, national oil company functions, and frontier offshore acreage management. Comparable to SPA because it sits at the intersection of regulator and national oil company in a small frontier jurisdiction now attracting super-major investment offshore.
  • Ministry of Petroleum and Energy (Somalia): Somalia's parent ministry that oversees SPA. Comparable as the policy-setting counterpart within the same jurisdiction and the entity SPA reports to under the 2020 Petroleum Law.

Others

  • Turkish Petroleum Corporation (TPAO): Turkey's national oil company that is SPA's most active technical partner, co-chairing the October 2025 Technical Committee Meeting on Blocks 142, 152, and 153. Comparable as a state oil company counterpart engaged in frontier offshore exploration under SPA's regulatory framework.
  • Liberty Petroleum: US-based independent oil company that signed an exploration deal with the Federal Government of Somalia in March 2024 for three deepwater blocks. Not a regulator but a directly relevant counterparty and IOC peer operating under SPA's licensing framework.

Regional players

  • Guyana Ministry of Natural Resources: Guyana's government authority managing the rapidly developed offshore oil sector. Comparable as a frontier-jurisdiction regulator overseeing a surge in deepwater IOC activity, though in a more mature stage of the exploration-to-production cycle than Somalia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Somali Petroleum Authority social profiles

Digital presence

Somali Petroleum Authority financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Somali Petroleum Authority leadership team

Management profile

Number of profiles

Profiles1 record

Somali Petroleum Authority funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Somali Petroleum Authority M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Somali Petroleum Authority

What does Somali Petroleum Authority do?

The Somali Petroleum Authority regulates and manages Somalia's upstream oil and gas industry under the 2020 Petroleum Law. It issues Production Sharing Agreements (PSAs), administers the First Offshore Licensing Round, grants Reconnaissance Authorizations for geological surveys, and provides Surface Access Authorizations for exploration activities. The authority also oversees the Somali National Petroleum Company (SONOC), which can hold up to 20% ownership in petroleum projects under PSAs.

Is Somali Petroleum Authority a public or private company?

Somali Petroleum Authority is a private company. It is classified as state government owned and is currently operating.

When was Somali Petroleum Authority founded?

Somali Petroleum Authority was founded in 2020. It employs 51 to 100 people.

Where is Somali Petroleum Authority based?

Somali Petroleum Authority is headquartered in Mogadishu, Somalia.

Who are Somali Petroleum Authority's main competitors?

Direct peers on record are Petroleum Authority of Uganda (PAU), Tanzania Petroleum Development Corporation (TPDC), Mozambique Instituto Nacional de Petróleo (INP), Petroleum Commission of Ghana and Namibia Petroleum Commission. Broad incumbents are Suriname Staatsolie and Ministry of Petroleum and Energy (Somalia). Others are Turkish Petroleum Corporation (TPAO) and Liberty Petroleum. Guyana Ministry of Natural Resources is listed as a regional player.

Does Somali Petroleum Authority have an API?

No public API is recorded for Somali Petroleum Authority.

What industry is Somali Petroleum Authority in?

Somali Petroleum Authority's product category is Petroleum Regulatory Services. Its primary akta.pro industry code is EUALAAAM, Upstream HSE, Regulatory Compliance & Emissions Management (Methane/Flare), with a secondary code of EUALAAAB, Mineral Rights, Leasing & Land Management. Its NAICS code is 92615 and its SIC code is 1382.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals