TotalEnergies, together with its partners QatarEnergy and Société Nationale des Pétroles du Congo (SNPC), has been awarded an exploration license for the Nzombo offshore block in the Republic of the Congo.
Under the terms of the Production Sharing Agreement signed with the Congolese Government, TotalEnergies, as the operator, will hold a 50% stake, while QatarEnergy and SNPC will hold 30% and 15%, respectively.
The Nzombo permit, which spans 1,000 square kilometers, is located approximately 100 kilometers off the coast of Pointe-Noire, near the Moho production facilities operated by TotalEnergies EP Congo.
The work program includes the drilling of one exploration well, which is expected to be spudded before the end of 2025.
Commenting on the contract, Kevin McLachlan, Senior Vice President of Exploration at TotalEnergies, said: “This award of a promising exploration permit, with the material Nzombo prospect, reflects our continued strategy of expanding our exploration portfolio with high-impact prospects that can be developed by leveraging our existing facilities. It also confirms our longstanding partnership with the Republic of the Congo.”
His Excellency Mr. Saad Sherida Al-Kaabi, the President and CEO of QatarEnergy, added: “We are pleased to be awarded this promising offshore block in the Republic of the Congo and to work alongside our valued partners and the Congolese Government.”
He continued: “I would like to take this opportunity to thank the Government of the Republic of the Congo for their valuable cooperation. We look forward to a successful exploration campaign in collaboration with our partners and stakeholders.”
Source: https://energynewsafrica.com
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