Thursday 3 November 2016

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.