Continental Focus, International Reach

Nigerian Firm Takes Congolese Oil Field

Tuesday, June 18, 2019

The Nigerian independent company Pelfaco has just signed an oil production sharing agreement with the Congolese state-owned oil company (SNPC), on a block that holds an estimated 32 million barrels of crude. The contract is valid for a period of 25 years.

The Congolese Ministry of Petroleum said in a statement other important details would be made known during the initial development activities on the site.

Pelfaco mainly offers turnkey construction services in oil and gas, including project management.