Congo B: Licence round relaunched, more blocks to be offered


Issue 334 - 10 Nov 2016 | 3 minute read

Some 29 companies have expressed interest in Republic of Congo’s delayed licensing round, which offers eight deep-water and ultra-deep blocks and five onshore blocks. Half of the companies have bought the Congo Megasurvey data package from PGS, hydrocarbons minister Jean-Marc Thystère-Tchicaya told Global Pacific & Partners’ Africa Upstream conference. The bid round has been held up by national elections and by delays to the country’s new oil law, which was passed by parliament on 13 August and signed into law by President Denis Sassou-Nguesso on 12 October.

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