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E & P News

2016

Oct 2016: Congo-Kinshasa has signed a memorandum of understanding with Tanzania for joint exploration of Lake Tanganyika. The lake straddles the border with Tanzania, Burundi and Zambia. Uganda announced it would build an export pipeline through Tanzania for its oil in and around Lake Albert. Congo would like to use the same pipeline to export its own future inland oil production.

2015

Jun 2015: The National Assembly voted for a new oil code to establish transparency by defining the terms for granting hydrocarbon rights.

2014

Aug 2014: Oil of DRCongo has announced an update of the interpretation of 3D seismic acquired in 2013 and 2014 over Blocks I and II in Lake Albert covering 700 kms offshore and 150 kms onshore. It is reported that oil potential on the DRC side of Lake Albert mirrors that of the Ugandan side.Two exploration wells and 3D seismic acquisition are being planned.

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