Somalia: Reviewing Oil Deals U.N. Says Lack Transparency
U.N. Somalia said it was reviewing several oil and gas deals that U.N. investigators say lack transparency and risk hindering development of the country's energy industry. Energy firms are cautiously eyeing Somalia's long coastline, an untapped frontier on the east African seaboard that has become an exploration hot spot after big gas finds in Mozambique and Tanzania. Somalia's southern neighbour Kenya has found oil.
Completion Of 2D Seismic Acquisition Programme - Somalia
Soma Oil & Gas Exploration Limited, the Somalia focused oil and gas exploration company, announced the completion of its offshore seismic acquisition programme which commenced in February 2014. The seismic acquisition programme was carried out by SeaBird Exploration (“SeaBird”) and concluded in June 2014 with over 20,500 km lines of 2D seismic data having been acquired across a 122,000 sq km offshore evaluation area.