Oil & Gas Companies News in Congo

CIEHC-3, 3rd Congo International Hydrocarbons Conference & Exhibition
1/24/2017 - CIEHC-3, the Republic of Congo’s Third International Hydrocarbons Conference & Exhibition will take place from 24 – 26 April 2017 in Brazzaville, Republic of Congo and will be organised by the Ministr...
DRC Mining Week 2016
4/18/2016 - “There is no doubt that 2016 is a challenging year for the mining sector and therefore, also for the DRC” says Elodie Delagneau, event director for the upcoming DRC Mining Week that is taking place in...
Israeli Billionaire Sells Congo Oil Rights for 300 Times Purchase Price
1/23/2014 - Israeli billionaire businessman Dan Gertler sold one of his Congo-based oil companies to the government last year for $150 million - 300 times the amount paid for the oil rights in a deal criticised b...
Maurel & Prom Becomes Offshore Operator
6/18/2009 - Maurel & Prom has signed a memorandum of understanding in order to increase its participating interest in the Marine III operating licence in the Congo (Brazzaville). ...
Lundin Petroleum To Acquire Interest in Marine XIV Block, Republic of Congo
9/9/2008 - Lundin Petroleum announced that it has entered into an agreement to acquire a 21.55 percent working interest in the Marine XIV Block, offshore the Republic of Congo (Brazzaville), from PA Resources Co...
Sale of interest in M’Boundi to the Korea National Oil Company
1/31/2008 - Tullow Oil announced the sale of its 11% interest in the onshore M'Boundi field in Congo (Brazzaville) to the Korea National Oil Company (KNOC) for a total cash consideration of $435 million. The deal...
PA Resources Acquires Significant Assets in Congo
11/20/2007 - PA Resources has signed an agreement with Murphy West Africa Ltd to acquire a 35 percent share in the Mer Profond Sud Permit including the Azurite Field in the Republic of Congo. The acquisition adds ...
Eni completes acquisition of Maurel & Prom’s assets in Congo
5/30/2007 - Eni has completed the acquisition of Maurel & Prom assets in the Republic of Congo. Eni has obtained the operatorship of the M’Boundi (Eni equity 43.1%) and Kouakouala “A” (66.67%) concessions and of ...
Maurel & Prom Concludes Congolese Asset Sale to Eni
5/30/2007 - Maurel & Prom has concluded the sale of its Congolese assets to Eni Congo SA for US$1.434 billion as of May 29, 2007. According to the sale and purchase agreement, Maurel & Prom received US$1.395 bill...
Burren Announces Proposed Acquisition of Further Interests in the M’Boundi Field
3/19/2007 - Burren Energy Plc has signed an agreement with Eni Congo SA, a wholly owned subsidiary of Italian group Eni S.p.A, to acquire an additional 5.5% interest in the M’Boundi oil field in Congo and a 2% in...
Abandonment Exploration Well Tioni-1
2/26/2007 - On the Kouilou permit (Maurel & Prom, 65% operator), the exploration well Tioni-1, whose main objective was the Vandji sandstone reservoir, was plugged and abandoned on Thursday, the 22nd of February ...
Eni acquires operated assets by Maurel & Prom in Congo
2/22/2007 - Eni acquires large portion of the Congolese activities operated by Maurel & Prom, a French upstream company. The transaction includes all Maurel & Prom interests in the producing fields of M’Boundi (...
Heritage Oil Completes Sale of its Kouakouala Interests in Congo
1/24/2007 - Heritage Oil Corporation has completed the sale of its 25% working interests in the Kouakouala A and B licenses Congo to the other partners in the licenses, Maurel et Prom and Burren Energy.

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PA Resources has formally cl/sed the acquisition of ADECO Congo BVI Ltd.
12/20/2006 - PA Resources AB formally closed the transaction relating to the previously announced acquisition of 100 % in the company ADECO Congo BVI Ltd. ADECO Congo BVI Ltd is the 100 percent owner of ADECO Cong...
Heritage completes the sale of its Noumbi Permit holdings in Congo for over $21 million
11/22/2006 - Heritage Oil Corporation has completed the sale of Heritage Congo Limited to Afren PLC. Heritage Congo Limited holds a 14% working interest in the Noumbi Exploration Permit in Congo (Brazzaville).
PA Resources Buys License in Congo
10/3/2006 - PA Resources AB has entered into a heads of agreement to acquire 85% interest in a Production Sharing Agreement in block Marine XIV offshore Congo, the informs that the up-front consideration for the ...
Hertiage Oil sells Congo Interest for Over $28 million
6/7/2006 - eritage Oil Corporation today announced that the Company has entered into an agreement with Afren PLC to sell the entire share capital of Heritage Congo Limited, which holds the Company’s interests in...
M&P Announces Congo Licence Developments
3/30/2006 - The operator Maurel & Prom has announced in relation to its own, and Burren's, interests in Congo, which is translated below: "On 24 March 2006 the Congolese parliament approved the terms of the La No...
Heritage Oil Corporation Announces Exercise of Kouilou Royalty Option
7/19/2004 - Calgary, Alberta, July 19 - Heritage Oil Corporation (TSX: HOC) announced today that Maurel et Prom exercised its option to acquire Heritage's overriding royalty in the Republic of Congo on June 30, 2...

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