Petroleum Africa
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Tuesday, April 15, 2014
SNPC, the Republic of Congo’s state-run oil and gas firm, is looking to shore up its production totals by breathing new life into some of its old fields. The company said it is developing a strategy to pump more oil from fields under-exploited by foreign operators.
A statement in Congolese newspaper La Semaine Africaine said that SNPC that it had completed two geological surveys since December over the Mengo-Kundji-Bindi (MKB) permit to assess the potential.
“SNPC is using hydraulic fracturing on the Kundji field allowing improved production of compact reserves…which constitute the oil reserves on the MKB permit. It will use the same technique on the Mengo field,” the announcement stated. SNPC is partnered with fellow NOC out of Cote d’Ivoire, Petroci and Canada’s Orion Oil & Gas on the Kundji.
SNPC also carried out a survey of the Mayombe license to assess its potential for drilling.
The ROC has plans in the works for a licensing round this year, with potentially 10 blocks both onshore and offshore being put on the market.
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