Funds in place for 2D seismic survey offshore Somalia

Offshore staff

LONDON – Soma Oil & Gas Holdings has secured a $50-million equity investment from Winter Sky.

This will allow the company to complete the initial stages of an exploration program offshore Somalia, thereby satisfying its obligations to the government of the Federal Republic of Somalia.

Soma now aims to finalize a contract with a seismic contractor for a planned 2D exploration program.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...