Congo Expands Upcoming Oil and Gas Licensing Round

The Democratic Republic of Congo is auctioning the rights to 30 blocks, 27 oil blocks and three gas blocks, in an upcoming licensing round.

Congo Expands Upcoming Oil and Gas Licensing Round

Congo had previously committed in May to auctioning off rights to 16 blocks, but later increased that to 27 oil blocks and three gas blocks. (Source: Hart Energy, Shutterstock.com)

The Democratic Republic of Congo (DRC) will offer 30 blocks in a licensing round to oil and gas companies this week, nearly doubling the number of tenders previously planned. 

Congolese oil production is limited to the Coastal Basin at a rate of 25,000 bbl/d. However, the country estimates its sedimentary basins hold an estimated 22 billion barrels of oil and 66 million cubic meters of gas reserves. Tenders for the licensing round are being accepted July 28 and 29 in Kinshasa.

Congo had previously committed in May to auctioning off rights to 16 blocks, but later increased that to 27 oil blocks and three gas blocks. In a press release on July 18, Hydrocarbons Minister Didier Budimbu said the government had increased the number of blocks available in the call for tenders to “maximize the opportunity for the country.”

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Jennifer Pallanich

Jennifer Pallanich is Hart Energy's senior editor for technology. She has reported on the technology that fuels oil patch exploration, development and production for more than two decades.