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Wednesday, November 13, 2013
The Republic of Congo (ROC) is planning to award 10 onshore and offshore blocks in a new licensing round. The licensing round is set for early-2014, according to an official from state-owned energy company Societe Nationale des Petroles du Congo (SNPC).
The government is hoping that new exploration will aid it in raising production totals, which have begun to drop in recent times.
“It will be around 10 blocks offshore and onshore,” Alfred Charles Sockath, head of SNPC’s upstream operations, told Reuters at a gas conference in Cote d’Ivoire. “There’s the Cuvette Basin …three blocks have already been attributed there and around another seven blocks remain,” he said.
Sockath said the upcoming offshore offerings would include several shallow water blocks abandoned by major oil companies like Total and ENI. He did say however that just because the blocks were abandoned, it did not mean that all exploration work had been done.
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