QatarEnergy and its partners were awarded an exploration license for the Nzombo offshore block in the Republic of Congo.<\/p>\n\n\n\n
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 Soci\u00e9t\u00e9 Nationale des P\u00e9troles du Congo, the Congolese national oil company, will hold the remaining 15%.<\/p>\n\n\n\n
Commenting on the occasion, His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said: \u201cWe 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.\u201d<\/p>\n\n\n\n
His Excellency Minister Al-Kaabi added: \u201cI would like to take this opportunity to thank the Government of the Republic of Congo for their valuable cooperation, and we look forward to delivering on a successful exploration campaign in collaboration with our partners and stakeholders.\u201d<\/p>\n\n\n\n
Located about 90 kilometers off the coast of Pointe-Noire, the Nzombo block covers an area of 1,053 square kilometers with water depths of more than 1,000 meters.<\/p>\n","protected":false},"excerpt":{"rendered":"