Chinese and Spanish developers that want to build Africa’s biggest hydropower plant in the Democratic Republic of Congo agreed to form a single consortium in an accord the country says Continue Reading
Paulin Bolumbu thought his family lived a safe distance from the Congo River, but in November the water overran its banks by more than half a kilometer, inundating his corrugated Continue Reading
OPEC could add a new member at its meeting on Friday, with the Republic of Congo seeking to join the producer group. Congo, which produces about 250,000-300,000 b/d, would become Continue Reading
French supermajor Total said it started production at a deep-water prospect off the Congolese coast with a production capacity of 100,000 barrels per day. “Moho Nord is the biggest oil Continue Reading
Central African oil player SOCO International said it came up empty-handed while drilling in the waters off the coast of the Republic of Congo. SOCO in early February said it Continue Reading
Chevron says start of oil production in field straddling the borders of the Congo and Angola could serve as a model in a region prone to territorial disputes. Image courtesy of Chevron. SAN RAMON, Calif., Nov. 3 (UPI) — Chevron said the development of oil reserves straddling the maritime border of the Republics of Congo and Angola could serve as a model for Africa. Chevron’s subsidiary in the region announced it started oil and gas production from the Lianzi field in a unified offshore economic zone straddling the borders of Congo and Angola. The project is the first in the region to start operations for Chevron and the first cross-border development in Africa. "As the first offshore energy development spanning national boundaries in the Central Africa region, Lianzi represents a unique cooperative approach to share offshore resources and may serve as a model for the development of similar cross-border […]
Production test from site off the coast of Congo exceeds expectations for Italian energy company Eni. (UPI/Shutterstock/James Jones Jr.) Eni said it completed a production test in the Minsala Marine 1 NFW well off the Congolese coast, yielding more than 5,000 barrels of oil and 14 million cubic feet of natural gas per day in natural flow. "The production test results has exceeded expectations and enables us to plan a fast commercial development of the important Minsala Marine find," Eni Chief Executive Officer Claudio Descalzi said in a statement. The company said it estimates the discovery holds about 1 billion barrels of oil equivalent in place, of which 80 percent is oil. Reserves off the West African coast are similar to those in Brazil in that they’re located beneath a thick layer of submarine salt. Eni said it’s already discovered about 4 billion barrels of oil in basins off […]
An oil company owned by Israeli billionaire Dan Gertler said on Thursday it had discovered around 3 billion barrels of oil in the Democratic Republic of Congo, an amount similar to the proven reserves of oil producers Britain and South Sudan. The crude was discovered around Lake Albert on Congo’s eastern border with Uganda, Oil of DRCongo said in a statement. An analysis of seismic survey data "indicates around 3 billion barrels of oil in place", it said, although it was not yet clear what portion was recoverable. "These are very positive results from our extensive seismic campaign," said Giuseppe Ciccarelli, Oil of DRCongo’s CEO. "We continue to believe the project has the potential to provide significant revenues and multiple other benefits to the people of (Congo)." The nearby Ugandan blocks are estimated […]
