Somalia: An Open Letter to Coastline Exploration

[Deeq A.]

I've read and followed with interest Coastline Exploration's Production Sharing Agreement (PSA) with the Federal Government of Somalia (SFG) on October 21, 2022. The agreement grants your company an exclusive contract to seven (7) offshore blocks that are within the areas under the direct control of SFG. Information about the PSA, the company’s current market valuation (if any), its physical assets (i.e., mobile or fixed platforms or rigs) and details about the designated offshore fields within Somalia’s territorial sea and Exclusive Economic Zone is scarce.

Source: Hiiraan Online