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Soma Oil and Gas set to become a major player offshore Somalia

04 Sep
Soma Oil and Gas set to become a major player offshore Somalia

Could this may have been one of the interesting playing cards in the region?

Oilnews

Soma oil and gas that in June concluded a 122,000 sq km 2D seismic acquisition is set to benefit from blocks with an area of up to 60,000 sq km under a seismic option agreement with Ministry of Petroleum & Mineral Resources, Federal Government of Somalia.

Under the deal the government on the other hand will gain a hand on the data acquired to be stored in a ministry data room in Mogadishu.

The data that is currently undergoing processing, reprocessing and interpretation will identify leads and prospects by the end of the year with the Soma oil and gas exploration company having the first access to the results.

Although Somalia has been identified as having potential huge amounts of oil and gas offshore it has been largely under explored with the acquisition of the seismic hoped to accelerate the development of this potential.

“The Federal Government is looking forward…

View original post 95 more words

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Posted by on September 4, 2014 in Business Blogs

 

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