issue Reconnaissance Authorizations – permits for companies to conduct geological surveys for petroleum in a certain area conclude Production Sharing Agreements with companies for a specified area grant Surface Access Authorization – permits for companies to work in specified area under Reconnaissance (geological exploration) or Production Sharing Agreements invite qualified companies to participate in petroleum exploration and production in Somalia monitor that companies involved in petroleum exploration and production comply with the terms of their agreements and assess penalties The 2020 Petroleum Law will establish the Somali National Petroleum Company (SONOC), a commercial company controlled by the federal government, which is entitled to have up to 20% ownership of petroleum projects under Productions Sharing Agreements Regional petroleum companies, controlled by Regional Member States may achieve as much as 10% ownership in a petroleum project under Production Sharing Agreements Somalia’s Ministry of Petroleum and Natural Resources makes strategic decisions on developing the country’s The National Resources Council is the highest council to analyze petroleum issues and resolve disputed matters