Is Now the Time for Somalia to Explore Oil and Gas?
As we stand on the brink of significant global transformations towards sustainable and clean energy, it is crucial to highlight the immense potential Somalia holds in the realm of oil and gas resources. According to the 2D seismic data conducted by TGS in 2014 , it has been estimated that there could be a staggering 30 billion barrels of crude oil across the 15 blocks initially offered by Somalia's government. Furthermore, Somalia stands as one of the last frontiers for oil and gas exploration. Understanding the finite nature of these resources and the evolving global energy landscape, now is a critical juncture for Somalia to initiate the exploration, development, and production of its oil and gas reserves. The impending shift towards sustainable energy sources over the next 20-30 years emphasizes the urgency for us to harness and maximize the benefits of our hydrocarbon resources while they are still in demand. Initiating such endeavors will not only elevate the economic status...