{"id":4173,"date":"2015-12-10T14:05:43","date_gmt":"2015-12-10T14:05:43","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=4173"},"modified":"2017-01-26T11:04:57","modified_gmt":"2017-01-26T11:04:57","slug":"soma-oil-delivers-seismic-data-to-somalia-government-applies-for-psa","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/soma-oil-delivers-seismic-data-to-somalia-government-applies-for-psa\/","title":{"rendered":"Soma Oil Delivers Seismic Data to Somalia Government, Applies for PSA"},"content":{"rendered":"

UK-registered oil and gas exploration company focused on Somalia Soma Oil & Gas has said that as per the terms of the Seismic Option Agreement (SOA), the company has delivered the Exploration Programme data to the Ministry of Petroleum and Mineral Resources of the Federal Government of Somalia.<\/p>\n

Having completed its obligations under the SOA Soma has submitted a Notice of Application for Production Sharing Agreements (PSAs) as per the SOA<\/a>.<\/p>\n

The presentation was in parallel with the opening of the new office of the Ministry which will feature a Data Room with the capability to store & display the Exploration Programme data.<\/p>\n

Already the Ministry has appointed Spectrum ASA to market this Exploration Programme data. Spectrum<\/a> is currently acquiring approximately 28,000 km of long offset 2D seismic data offshore south Somalia.<\/p>\n

According to Soma Oil it\u2019s analysis of the acquired and processed 2D seismic<\/a> data has identified specific prospects which merit further exploration and hence the submission of Notice of Application to the Ministry for PSAs targeting these prospects.<\/p>\n

\u201cOur submission of Notice of Application for PSAs highlights our continued interest and willingness to take investment risks to explore for hydrocarbons offshore Somalia. \u00a0The Board and I wish to thank our shareholders for their continued funding and support as we embark on the next phase in exploration,\u201d Lord Howard of Lympne, Chairman of Soma Oil & Gas.<\/p>\n

The conversion of this Notice of Application into PSA awards is dependent on the finalising of a Model PSA by the Ministry, the negotiation of specific PSAs between the Ministry and Soma, a revenue sharing agreement between Federal Member States and the Federal Government of Somalia and final approval of PSA awards by the full Federal Government.<\/p>\n

Meanwhile the company has announced that Richard Anderson has taken over as the new CEO after Robert Sheppard decided to stand down.He will remain on the Board of Directors.<\/p>\n

Anderson has been a non-executive director on the Board of Soma Oil & Gas since December 2013 and has 32 years\u2019 experience in oil and gas industry, including executive finance and management roles.<\/p>\n

Anderson was the CFO of Eurasia Drilling Company from 2008 to March 2015 and he was also on the Board of Eurasia Drilling Company up to October 2015. He was President and Chief Executive Officer of Prime Natural Resources, Inc. from 2002 until 2007.<\/p>\n

Mr Anderson is Chairman of Vanguard Natural Resources LLC (NASDAQ).<\/p>\n

The company and its management is currently under investigations by the United Kindgom\u2019s Serious Fraud Office in relation to allegations of corruption<\/a> in the horn of Africa country.<\/p>\n","protected":false},"excerpt":{"rendered":"

UK-registered oil and gas exploration company focused on Somalia Soma Oil & Gas has said that as per the terms of the Seismic Option Agreement (SOA), the company has delivered … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":2035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[528,3171,3467,3838,3840,3839,2180,3837,3836,2352,3841],"class_list":["post-4173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-corruption","tag-data-room","tag-eurasia-drilling-company","tag-ministry-of-petroleum-and-mineral-resources-of-the-federal-government-of-somalia","tag-prime-natural-resources","tag-richard-anderson","tag-robert-sheppard","tag-serious-fraud-office","tag-soma-oil-gas","tag-somalia","tag-vanguard-natural-resources","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/offshore-somalia.png?fit=557%2C526&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-15j","jetpack-related-posts":[{"id":1162,"url":"https:\/\/www.oilnewskenya.com\/index.php\/somalia-offshore-2d-seismic-complete\/","url_meta":{"origin":4173,"position":0},"title":"Somalia offshore 2D seismic complete","author":"Samuel Kamau Mbote","date":"June 6, 2014","format":false,"excerpt":"The Federal Government of the Republic of Somalia has announced that Soma Oil & Gas Exploration Limited has completed the offshore seismic acquisition programme across the Offshore Evaluation Area of 122,000 sq km as part of Soma's commitment under the Seismic Option Agreement agreed between the Federal Government and Soma\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/somalia-waters.png?fit=1011%2C243&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/somalia-waters.png?fit=1011%2C243&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/somalia-waters.png?fit=1011%2C243&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/somalia-waters.png?fit=1011%2C243&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":1840,"url":"https:\/\/www.oilnewskenya.com\/index.php\/soma-oil-gas-to-sponsor-2nd-somalia-oil-gas-summit\/","url_meta":{"origin":4173,"position":1},"title":"Soma Oil & Gas to sponsor 2nd Somalia Oil & Gas Summit","author":"Samuel Kamau Mbote","date":"September 29, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Somalia-focused oil and gas Exploration Company Soma Oil & Gas Exploration Limited has announced it will be sponsoring the Somalia Oil & Gas Summit for the second year running. Following the success of the inaugural event last year, the Somalia Oil & Gas Summit 2014 will be taking\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/oil_gas_somali.jpg?fit=280%2C250&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2886,"url":"https:\/\/www.oilnewskenya.com\/index.php\/soma-oil-gas-completes-processing-2d-seismic-data-offshore-somalia\/","url_meta":{"origin":4173,"position":2},"title":"Soma Oil & Gas Completes of the Processing of the 2D Seismic Data offshore Somalia","author":"","date":"May 6, 2015","format":false,"excerpt":"Soma Oil & Gas Exploration Limited has announced it has completed the processing and reprocessing of the acquired 2D seismic data carried out by SeaBird Exploration and concluded in June 2014 with over 20,500 km lines of 2D seismic data having been acquired across a 114,000 sq km offshore evaluation\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/offshore-somalia.png?fit=557%2C526&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/offshore-somalia.png?fit=557%2C526&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/offshore-somalia.png?fit=557%2C526&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":1707,"url":"https:\/\/www.oilnewskenya.com\/index.php\/soma-oil-and-gas-set-to-become-a-major-player-offshore-somalia\/","url_meta":{"origin":4173,"position":3},"title":"Soma Oil and Gas set to become a major player offshore Somalia","author":"Samuel Kamau Mbote","date":"September 2, 2014","format":false,"excerpt":"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\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/offshore-drilling-rig11.jpg?fit=800%2C649&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/offshore-drilling-rig11.jpg?fit=800%2C649&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/offshore-drilling-rig11.jpg?fit=800%2C649&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/offshore-drilling-rig11.jpg?fit=800%2C649&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":2034,"url":"https:\/\/www.oilnewskenya.com\/index.php\/soma-oil-gas-hopeful-in-somalia-psa-applications\/","url_meta":{"origin":4173,"position":4},"title":"Soma Oil & Gas hopeful in Somalia PSA applications","author":"Samuel Kamau Mbote","date":"November 12, 2014","format":false,"excerpt":"Privately owned UK company pursuing oil and gas exploration opportunities in Somalia Soma Oil and Gas has said it is hopeful that it will be in a position to make production sharing agreement applications once the Ministry of Petroleum & Mineral Resources is getting ready to receive them. Already the\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/offshore-somalia.png?fit=557%2C526&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/offshore-somalia.png?fit=557%2C526&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/offshore-somalia.png?fit=557%2C526&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":3452,"url":"https:\/\/www.oilnewskenya.com\/index.php\/spectrum-secures-contract-2d-seismic-offshore-somalia\/","url_meta":{"origin":4173,"position":5},"title":"Spectrum Secures Contract for 2D Seismic Offshore Somalia","author":"","date":"September 7, 2015","format":false,"excerpt":"Spectrum ASA has announced it has entered into a Multi-client master co-operation agreement with the federal government of Somalia to acquire approximately 28,000 km of long offset 2D seismic data offshore south Somalia during a signing ceremony on September 5th at the SYL Hotel, Mogadishu. The new acquisition has been\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/09\/spectrum.png?fit=400%2C400&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=4173"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4173\/revisions"}],"predecessor-version":[{"id":4174,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4173\/revisions\/4174"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/2035"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=4173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=4173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=4173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}