Eni, SNPC to jointly explore in the Cuvette basin

9/19/2013

Eni, SNPC to jointly explore in the Cuvette basin

MILAN -- Eni and the Congolese state company Société Nationale des Pétroles du Congo (SNPC), will jointly explore the hydrocarbon potential of the Ngolo block, which is part of the Cuvette basin. The block is approximately 350 km northeast from the capital Brazzaville and covers an area of over 16,000 sq km.

Eni, through its company Eni Congo, will participate as the operator in the JV with SNPC for the exploration of the block. Last July, the Republic of Congo’s Ministry of Hydrocarbons assigned the Ngolo exploration license to SNPC.

Exploration activities will take place over a period of 10 years, and they will target the Mesozoic and Paleozoic sedimentary geological sequences.

Eni and SNPC will share their extensive operational experience, which both parties have successfully developed in onshore and offshore Congo. Exploration activities on Ngolo, which will begin in the next few months, will be carried out using the most sophisticated prospecting techniques, including remote sensing and geophysical surveys.

The Cuvette basin, so far little explored, is one of the new themes of frontier exploration in Africa.

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