TotalEnergies receives new offshore exploration license in Congo Republic

TotalEnergies, a French oil company, said Monday that it had been granted an exploration permit to explore the Nzombo region off the coast of Congo near its existing Moho facilities.

TotalEnergies will own a 50% stake in the asset, QatarEnergy a 35% and Congo's National Oil Company SNPC the rest.

Kevin McLachlan is TotalEnergies senior vice president for exploration. The permit covers a 1,000-square-kilometer area, located 100 kilometers off the coast at Pointe Noire. It would be a great addition to their portfolio of "high impact prospects".

The company stated that the work programme will include the drilling of an exploration well. This is expected to start before the end 2025.

TotalEnergies produces approximately 65,000 barrels of crude oil per day, mainly through offshore wells.

According to TotalEnergies, SNPC owns 15 percent of the Moho facilities. (Reporting and editing by Jan Harvey; Forrest Crellin)

(source: Reuters)