Soma Oil and Gas Holdings will be the first company to start exploration in Somalia.
The company has already raised funds for a 2D exploration programme offshore Somalia.
Soma Oil & Gas Holdings Limited secured an equity investment of US$50 million from Winter Sky early 2014.
In the concession, 3 directors of Private equity firm Winter Sky joined the board of Soma Oil.
Soma Oil secured a Seismic Option Agreement with the government of Somalia to explore oil offshore Somalia.
