QatarEnergy Awarded Offshore Exploration Licence in Republic of Congo

QatarEnergy and its partners were awarded an exploration licence for the Nzombo offshore block in the Republic of Congo.

Under the terms of the Production Sharing Contract signed with the Congolese Government, QatarEnergy will hold a 35% participating interest in the block.

TotalEnergies affiliate in Congo (the operator), will hold a 50% interest, while Societe Nationale des Petroles du Congo, the Congolese national oil company, will hold the remaining 15%.

Commenting on the occasion, HE the Minister of State for Energy Affairs, Saad bin Sherida al-Kaabi, who is also the President and CEO of QatarEnergy, said: “We are pleased to be awarded this promising offshore block in the Republic of Congo, and to work alongside our valued partners and the Congolese Government.”

He added: “I would like to take this opportunity to thank the Government of the Republic of Congo for their valuable co-operation, and we look forward to delivering on a successful exploration campaign in collaboration with our partners and stakeholders.”

Located about 90 kilometres off the coast of Pointe-Noire, the Nzombo block covers an area of 1,053 square kilometres with water depths of more than 1,000 metres.