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Annex : apa it il ing pport e e t etter
SOMALIA
SOMALIA
Annex : apa it il ing Agreement
SOMALIA
SOMALIA
SOMALIA
Annex : apa it il ing n oi eAnnex 7: Capacity Building Invoice
SOMALIA
Contractor(Nam
e
Mar|14
Apr|14
May|14
Jun|14
Jul|14
Aug|14
Sep|14
Oct|14
Nov|14
Dec|14
Jan|15
Feb|15
Mar|15
Apr|15
May|15
Jun|15
Jul|15
Grand Total
Received A
mount
($30,000)($30,000)
($30,000)($30,000)
($30,000)($30,000)
($30,000)($30,000)
($30,000)($30,000)
($30,000)($30,000)
-$
-$
-$
-$
-$
($360,000)
Mr. Jabril M
ohamoud G
eeddi3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 36,000.00
$
Dr. Farah A
bdi Hassan
3,000.00$
3,000.00$
3,000.00$
3,000.00$
3,000.00$
3,000.00$
3,000.00$
3,000.00$
3,000.00$
3,000.00$
3,000.00$
3,000.00$
36,000.00$
Dr. M
ohamed A
li-nur Hagi
3,000.00$
3,000.00$
3,000.00$
3,000.00$
3,000.00$
3,000.00$
3,000.00$
3,000.00$
3,000.00$
3,000.00$
3,000.00$
3,000.00$
33,000.00$
Dr. A
bdulkadir Abiikar H
ussein3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 30,000.00
$
Mr. H
ussein Ali A
hmed
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
16,000.00$
Mr. Yusuf H
assan Isack3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 3,000.00
$ 24,000.00
$
Mr. A
bdinor Moham
ed ahmed
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
16,000.00$
Mr. A
bdullahi Moham
ed warfaa
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
2,000.00$
16,000.00$
Mr. M
ohamed yousuf A
li4,000.00
$ 4,000.00
$ 4,000.00
$ 4,000.00
$ 4,000.00
$ 4,000.00
$ 4,000.00
$ 4,000.00
$ 32,000.00
$
Dr. A
bdi Moham
ed Siad4,000.00
$ 4,000.00
$ 4,000.00
$ 4,000.00
$ 4,000.00
$ 4,000.00
$ 4,000.00
$ 4,000.00
$ 32,000.00
$
Mrs. Leila A
li Ahm
ed700.00
$ 700.00
$ 700.00
$ 700.00
$ 700.00
$ 700.00
$ 4,200.00
$
3,000.00$
3,000.00$
3,000.00$
3,000.00$
3,000.00$
3,000.00$
15,000.00$
1,000.00$
1,000.00$
1,000.00$
1,000.00$
1,000.00$
1,000.00$
4,000.00$
Farah Ahm
ed Isma'il
400.00$
400.00$
400.00$
400.00$
400.00$
400.00$
1,600.00$
Totals$6,000
$9,000$12,000
$12,000$29,000
$29,000$29,700
$32,700$34,100
$34,100$34,100
$34,100$
$$
$ $
295,800.00$
Dr. abdullahi H
aider Moham
ed
Mr. A
bdirzak Hassan Aw
ed
Annex
: alar
hart
Annex 8: Salary Chart
SOMALIA
Annex : Farah Ab i Ha an ontra t
SOMALIA
SOMALIA
SOMALIA
Annex : r Ab llahi Hai er Mohame F iplomati Pa port
Annex 10: Dr. Abdullahi Haider Mohamed FGS Diplomatic Passport
SOMALIA
Annex : entral an ith ra al lip
SOMALIA
Annex : Forge mplo ee Pa lip
SOMALIA
Annex 3: al ation Area xten ion
SOMALIA
SOMALIA
The Minister of Petroleum & Mineral Resources Government of the Federal Republic of Somalia Mecca al-Mukarama Road Ministry of Telecommunications and Postal Services Building First floor, Right Wing Mogadishu Federal Republic of Somalia
For the attention of: HE Daud Mohamed Omar By email [email protected] Cc Director General Farah Abdi Hassan, Ministry of Petroleum & Mineral Resources
[email protected] Abdulkadir Abdikar Hussein, Ministry of Petroleum & Mineral Resources [email protected] Mohamed Hagi, Ministry of Petroleum & Mineral Resources, [email protected] Hassan Khaire, Executive Director, Africa, Soma Oil & Gas [email protected]
28 November 2014
Your Excellency,
Offshore PSA fiscal terms
The three major items that any prospective partner will evaluate as they decide whether to join Soma in exploring offshore the Federal Republic of Somalia are (i) political risk, (ii) geological prospectivity, and (iii) fiscal terms.
The international oil companies will make their own assessments of both the political risk and the geological prospectivity of the Federal Republic of Somalia.
Therefore, the most critical element (that is within the control of the host country) in attracting international investment into hydrocarbon exploration are the fiscal terms that a country offers. These proposed fiscal terms must take account of the following considerations:
x The basin is unproved. The companies will need to be sufficiently attracted to take on thehigh risk exploration obligation. Basin-opening terms are always relatively generous; oncethere is success and the petroleum systems are proved, the terms can be tightened.
x Much of the basin is in deep or ultra deep water. The required capital investment forexploring, appraising and developing in deep or ultra deep water is considerably higher thanin shallow to medium water depths.
Annex : etter on e i e hore P A Fi al erm
SOMALIA
x Low oil prices and pressure on the IOCs capital budgets. The IOCs have been under pressure to show more capital discipline and they have all announced cutbacks in exploration and development investments. More recently, the collapse of the oil price to under $80/bbl has triggered a further round of cutbacks. The competition for exploration dollars will be intense.
x Gas is particularly challenged. The 150-200 tcf of gas offshore Tanzania and Mozambique will be competing in the global market with the growing exports from the US (first exports are in 2015). Somalia gas projects will need to be attractive compared to East Africa, especially if the gas/ LNG is to be developed in the next decade or two. In addition, gas to LNG is particularly capital intensive, and in deep water this is especially challenging.
We believe that the oil fiscal terms in the PSA template appended to the Seismic Option Agreement would need to be adjusted for PSAs located in ultra deep water, and that explicit gas fiscal terms need to be included in any offshore PSA. Proposed offshore fiscal terms Soma will forward you the proposed fiscal terms for oil with some adjustments and also the terms we propose for ultra deep water oil, gas and ultra deep water gas for the offshore PSAs. Together with the proposed fiscal terms, we will send you a redlined template PSA that incorporates these proposed fiscal terms. In addition to the proposed royalties and profit shares, we propose that the first term of the offshore PSA be extended from four years to five years for PSAs located in ultra deep water. This recognises the extra planning time required for drilling in ultra deep waters where wells are particularly costly (typically > US$100 million) and only a small number of rigs have the capability to operate. We will also send you a review of comparative fiscal terms from relevant frontier provinces and an analysis of the revenues that would come to the Federal Republic of Somalia should exploration and development be successful for four scenarios of oil, ultra deep water oil, gas and ultra deep water gas. We believe that the proposed offshore fiscal terms are a good balance between the need to attract significant frontier exploration investment and the opportunity for substantial revenues to the Federal Republic of Somalia should that exploration be successful. Soma will be sharing these fiscal terms for the offshore PSAs with the potential partners in December 2014 in order to generate the interest necessary for them to join us in early 2015 in making applications for Production Sharing Agreements. We stand ready to discuss these proposed fiscal terms with your team as soon as practical. Yours sincerely,
Robert Sheppard Chief Executive Officer Soma Oil & Gas
SOMALIA
Annex : ata oom etter
SOMALIA
Annex : Allie Petrole m Memoran m o n er tan ing
SOMALIA
SOMALIA
SOMALIA
SOMALIA
Annex : Mini tr nternational an o omalia A o nt
SOMALIA