Italy's Eni announced Thursday that it is teaming up with Congolese state company Société Nationale des Pétroles du Congo (SNPC) to jointly search for hydrocarbons in the Ngolo block, which is part of the little-explored Cuvette Basin.
Located some 220 miles northeast of Congelese capital Brazzaville, the block covers an area of approximately 6,000 square miles.
Eni Congo will participate as operator in the joint venture with SNPC for the exploration of the block. The Republic of Congo's Ministry of Hydrocarbons assigned the Ngolo exploration license to SNPC in mid-July.
Exploration activities will take place over a period of 10 years and they will target the Mesozoic and Paleozoic sedimentary geological sequences.
Eni said that the exploration activities on Ngolo, due to begin during the next few months, will be carried out using the most sophisticated prospecting techniques including "remote sensing" and geophysical surveys.
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