{"id":8634,"date":"2020-07-20T11:34:03","date_gmt":"2020-07-20T11:34:03","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=8634"},"modified":"2020-07-20T11:34:03","modified_gmt":"2020-07-20T11:34:03","slug":"congo-brazzaville-zenith-energy-submits-comprehensive-commercial-and-technical-offer-for-tilapia-licence","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/congo-brazzaville-zenith-energy-submits-comprehensive-commercial-and-technical-offer-for-tilapia-licence\/","title":{"rendered":"CONGO (Brazzaville): Zenith Energy Submits Comprehensive Commercial and Technical Offer for Tilapia Licence"},"content":{"rendered":"

Zenith Energy Ltd. has provided an update on the Tilapia licence in the Republic of the Congo which expired on July 18, 2020.\u00a0<\/span><\/span><\/p>\n

The Company confirmed that the Company’s subsidiary in the Republic of the Congo, <\/span>Anglo African Oil & Gas Congo S.A.U, continues to operate the Tilapia oilfield on an interim basis following the implementation of a “Plan for the Continuation of Activities” agreed with the national oil authorities.<\/span>\u00a0<\/span><\/p>\n

New 25-year licence for Tilapia (“Tilapia II”)<\/span><\/strong>\u00a0<\/span><\/p>\n

The Company announced that, in accordance with local procedures, it has submitted a comprehensive commercial and technical offer to the Ministry of Hydrocarbons of the Republic of the Congo for the award of a new 25-year licence for the Tilapia oilfield to be named “Tilapia II”. \u00a0<\/span>\u00a0<\/span><\/p>\n

In consideration of the impact of the ongoing COVID-19 pandemic, as well as the expected evaluation period for the Company’s aforementioned Offer, the Company says it expects to receive a preliminary indication regarding the possible acceptance of the Offer within the next 30 days.<\/span>\u00a0<\/span><\/p>\n

Andrea Cattaneo, Chief Executive Officer of Zenith, commented:<\/span><\/p>\n

“<\/span>We are very excited about the good progress we have achieved in recent weeks in the\u00a0Republic of the Congo, specifically in respect of the submission of the Offer for Tilapia II. \u00a0As is to be expected, the unprecedented world crisis presented by COVID-19 has delayed all activities, including the arranging of meetings to conduct the necessary negotiations prior to submitting the Offer.<\/span><\/p>\n

The Tilapia asset has transformational production potential and the award of a new 25-year licence will represent the first important successful milestone in our journey in the Congo. It is our hope and expectation that we shall achieve this goal in due course.<\/span><\/p>\n

Zenith has also pleased to confirm that negotiations are nearing a conclusion with regards to defining a payment plan for the repayment of the US$5.3 million debt owed by Soci\u00e9t\u00e9 Nationale des P\u00e9troles du Congo to AAOG Congo.”<\/span><\/span><\/p>\n

\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Zenith Energy Ltd. has provided an update on the Tilapia licence in the Republic of the Congo which expired on July 18, 2020.\u00a0 The Company confirmed that the Company’s subsidiary … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":8635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7447,7442,11],"tags":[7920,7921,351,504,7919,7922,7518],"class_list":["post-8634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-central-africa","category-countries","category-top-news","tag-aaog-congo","tag-anglo-african-oil-gas","tag-brazzaville","tag-congo","tag-societe-nationale-des-petroles-du-congo","tag-tilapia-oilfield","tag-zenith-energy","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Tilapia-Oilfield.jpg?fit=700%2C862&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2fg","jetpack-related-posts":[{"id":13320,"url":"https:\/\/www.oilnewskenya.com\/index.php\/olive-energy-ep-awarded-a-licence-to-operate-the-tilapia-oilfield\/","url_meta":{"origin":8634,"position":0},"title":"Zenith Energy Disappointed as Olive Energy E&P Awarded a Licence to Operate the Tilapia oilfield","author":"","date":"February 23, 2023","format":false,"excerpt":"Zenith Energy says it has now become aware that a company named Olive Energy E&P has been awarded a licence to operate the Tilapia oilfield adding it is disappointed by this development. Zenith Energy that had previously announced the successful completion of an\u00a0Inquiry of Public Utility (Enqu\u00eate d'Utilit\u00e9 Publique) (IPU),\u2026","rel":"","context":"In "Central Africa"","block_context":{"text":"Central Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/central-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/02\/Congo-Tilapia-field.jpg?fit=462%2C584&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8528,"url":"https:\/\/www.oilnewskenya.com\/index.php\/congo-zenith-signs-joint-venture-agreement-for-acquisition-of-second-oil-production-asset\/","url_meta":{"origin":8634,"position":1},"title":"CONGO: Zenith Signs Joint Venture Agreement For Acquisition of Second Oil Production Asset","author":"","date":"July 7, 2020","format":false,"excerpt":"Zenith Energy Ltd. has announced that it has entered into a joint venture agreement\u00a0 with a local oil & gas company in the Republic of the Congo.\u00a0 The primary objective of the Agreement is the potential acquisition of an onshore oil production licence, last producing at a rate of approximately\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/zenith.png?fit=603%2C407&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/zenith.png?fit=603%2C407&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/zenith.png?fit=603%2C407&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":9392,"url":"https:\/\/www.oilnewskenya.com\/index.php\/congo-unfreezes-aaog-congo-accounts-in-ongoing-dispute-with-smp\/","url_meta":{"origin":8634,"position":2},"title":"Congo Unfreezes AAOG Congo Accounts in Ongoing Dispute with SMP","author":"","date":"November 12, 2020","format":false,"excerpt":"Zenith Energy has provided an update on the legal claim\u00a0 initiated during 2019 by its subsidiary in the Republic of the Congo, Anglo African Oil & Gas Congo S.A.U (AAOG Congo), against Soci\u00e9t\u00e9 de Maintenance P\u00e9troli\u00e8re (SMP), the rig contractor employed for drilling services in wells TLP-103 and TLP-103C of\u2026","rel":"","context":"In "Central Africa"","block_context":{"text":"Central 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Denis Sassou Nguesso and the Ministry of Hydrocarbons \u2013 will represent the first international energy event of its kind held in Congo-Brazzaville;\u2026","rel":"","context":"In "Central Africa"","block_context":{"text":"Central Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/central-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Offshore-oil-and-gas.jpg?fit=1200%2C450&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Offshore-oil-and-gas.jpg?fit=1200%2C450&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Offshore-oil-and-gas.jpg?fit=1200%2C450&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Offshore-oil-and-gas.jpg?fit=1200%2C450&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Offshore-oil-and-gas.jpg?fit=1200%2C450&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":8732,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zenith-energy-awarded-loan-facility-for-african-development\/","url_meta":{"origin":8634,"position":5},"title":"Zenith Energy Awarded Loan Facility for African Development","author":"","date":"August 2, 2020","format":false,"excerpt":"Zenith Energy\u00a0 has announced that its Italian subsidiary has received approval to be awarded a legally binding loan facility for an amount of approximately EUR 300,000 from an Italian governmental entity. The Loan attracts an interest rate of 0.85 per cent, has a grace period of 24 months during which\u2026","rel":"","context":"In "Central Africa"","block_context":{"text":"Central Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/central-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/zenith.png?fit=603%2C407&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/zenith.png?fit=603%2C407&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/zenith.png?fit=603%2C407&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/8634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=8634"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/8634\/revisions"}],"predecessor-version":[{"id":8636,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/8634\/revisions\/8636"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/8635"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=8634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=8634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=8634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}