Republic Of Congo To Launch New Shallow Water Hydrocarbon Round Soon

Reuters

CAPE TOWN, Nov 2 (Reuters) - The Republic of Congo expects to launch a new shallow-water licensing round for 2017/18 after its last round closes at the end of March when winning bidders are expected to be announced, the oil minister said on Wednesday.

Jean-Marc Thystere Tchicaya said the new licensing round would consider pre-salt and post-salt plays close offshore of the west African nation.

Last year Congo launched its 2016 license rounds for eight deep and ultra-deep offshore blocks and five onshore blocks in the Coastal and Cuvette basins.

(Reporting by Wendell Roelf; Editing by Ed Stoddard and Louise Heavens)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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