Soma Oil and Gas could be granted licensing award by the government in Mogadishu after carrying out seismic work with no security issues.
The company said results are expected to be published at the end of the year.
Following the outbreak of civil war in Somalia in 1991 the area had not previously been suitable for exploration.
However, following a number of seismic survey’s spanning thousands of kilometres, with no security problems encountered, it is expected exploration work could begin soon.
The director of oil and gas exploration at the Ministry of Petroleum, Abdulkadir Abiikar Hussein, said he was confident Somalia would be able to attract some of the oil majors to reactivate dormant contracts.
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