Somalia: Soma submits PSA application

Soma Oil & Gas has delivered its exploration data to the Ministry of Petroleum and Mineral Resources, along with an application for production-sharing agreements (PSAs). The ministry has opened a data room to store and display the materials, and appointed Spectrum ASA to market the data. Soma said its analysis of the 2D seismic data had identified specific prospects which merited further exploration, and it had applied for PSAs targeting these prospects.