Somalia announced that the ongoing seismic survey for offshore oil reserves is on course for completion before the end of this year. This announcement marks a significant step in the country’s efforts to harness its natural resources for economic growth.
Progress in Oil Exploration
The 3D seismic survey, conducted by the Turkish vessel Oruç Reis, is on track to be completed by the end of 2025. This survey is crucial for mapping potential oil and gas reserves off Somalia’s coast, particularly near Galmudug. Once completed, the data will pave the way for exploratory drilling, a major milestone in Somalia’s hydrocarbon sector.
Turkish Involvement & Technical Capabilities
The Oruç Reis, deployed by Türkiye, is a state-of-the-art research vessel (built in 2017) equipped for advanced geological and seismic studies. Türkiye has been deepening its engagement in Somalia, including security cooperation, infrastructure projects, and now energy exploration. This partnership aligns with Somalia’s strategy to leverage foreign expertise to develop its untapped offshore resources.
Economic Potential & Challenges
If commercially viable reserves are found, oil production could transform Somalia’s economy, offering a new revenue stream beyond agriculture and remittances. However, security risks (such as piracy and militant threats) and regulatory uncertainties (including unresolved disputes over maritime boundaries) remain hurdles. The government will need to ensure stable policies, revenue-sharing agreements, and investor confidence to attract further exploration and production investments.
Next Steps
After the seismic data is processed, Somalia may proceed with licensing rounds for drilling contracts. Competitors like ExxonMobil, Shell, and other energy firms (which previously held exploration rights) could re-engage if conditions improve. The government must also address legal frameworks to avoid conflicts, particularly in disputed zones like the Somalia-Kenya maritime border.
Conclusion
Somalia’s oil exploration efforts, backed by Turkish technical support, represent a major opportunity—but also come with risks. Success hinges on security improvements, transparent governance, and attracting stable investment. If managed well, this could mark the beginning of a new era for Somalia’s economy.