Children sit inside a fishing boat outside a mangrove in Kimpozia village, one of the areas auctioned for oil drilling, in Moanda, Democratic Republic of the Congo, Monday, Dec. 25, 2023. Its government is auctioning off 30 oil and gas blocks around the country. (AP Photo/Mosa¡¯ab Elshamy)
Does Congo have oil reserves?
(AP Photo/Mosa¡¯ab Elshamy) Congo, a mineral-rich nation in central Africa, is thought to have significant oil reserves, too. Drilling has so far been confined to a small territory on the Atlantic Ocean and offshore, but that¡¯s expected to change if the government successfully auctions 30 oil and gas blocks spread around the country.
Who is the largest oil producer in Congo?
Total Exploration & Production in the Republic of the Congo Present in the Republic of the Congo for almost 50 years, Total is the country¡¯s leading oil producer. Total E&P Congo operates 10 of the 23 producing fields, accounting for nearly 50% of national output. The Group¡¯s equity production averaged 95,000 boe/d in 2014.
Will Congo expand oil drilling?
The central African nation of Congo is known for its mineral riches. Now the country is looking to expand the oil drilling that so far has taken place only in its far west and off its Atlantic coastline. (AP video: Nqobile Ntshangase/Sebabatso Mosamo)