Perenco discovers oil offshore the Democratic Republic of the Congo

May 21, 2024
Muanda International Oil Co., Perenco’s E&P subsidiary in the DRC, has made the country’s first offshore oil discovery in almost three decades.

Offshore staff

LONDONMuanda International Oil Co. (MIOC), Perenco’s E&P subsidiary in the Democratic Republic of the Congo (DRC), has made the country’s first offshore oil discovery in almost three decades.

The Dixstone-owned Nuada self-elevated class 82 SD-C jackup drilled the Moke-East well, located between the Lukami and Motoba fields in the DRC coastal basin, encountering a 24-ft net oil-bearing column.

Over the next weeks, the discovery will be tested and the well will be completed. However, a second exploration well, LUKS-A, targeting a southern extension of the Pinda Formation, has been plugged and abandoned as sub-commercial.

These are the first of 12 wells planned on the GCO Field, as MIOC looks to deliver further resources, with the CS02 workover unit operating alongside the Nuada.

Frédéric Kiepferle, Perenco’s DRC general manager, said, “As the DRC’s only international oil and gas producer, we are very pleased to further demonstrate our commitment, through this investment, to the discovery of new resources.

“We firmly believe that the DRC’s oil and gas industry has a very positive future and that new projects could lead to the valorization of LPG extracted from the gas for the local market, or to provide more gas to power in Muanda.”

05.21.2024

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