QatarEnergy and its partners have secured an exploration license for the Nzombo offshore block in the Republic of Congo. The Production Sharing Contract, signed with the Congolese Government, grants QatarEnergy a 35% participating interest in the block. TotalEnergies’ affiliate in Congo will operate the block with a 50% stake, while Société Nationale des Pétroles du Congo holds the remaining 15%.
His Excellency Mr. Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy, stated: “We 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.”
He added: “I 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.”
The Nzombo block is located approximately 90 kilometers off Pointe-Noire’s coast. It covers an area of 1,053 square kilometers with water depths exceeding 1,000 meters.
