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Old April 13th, 2010, 01:04 AM   #1
BUTEMBO21
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Oil/Gas Industry News.

This thread is dedicated to Oil and Gas News ONLY.



In the last few years the country has been paying attention to Oil and Gas production as the economy starts to recover after years of Wrs form neighbors and internal strives.

Demand for Oil has been increasing on monthly basis as sign of economic recovery.

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Old April 13th, 2010, 01:26 AM   #2
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Currently Congo produces a tiny amount of crude Oil 22,000 berrils/day.
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Old April 13th, 2010, 03:01 AM   #3
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Originally posted by. hkskyline




DR Congo wants $3 bln pipeline to central oil basin
Quote:
KINSHASA, March 26 (Reuters) - Democratic Republic of Congo has set 2015 as a target date for starting construction of a pipeline to export potential oil finds from its central basin to the coast, a senior official said on Friday.

Congo will look to companies and banks to fund the $3 billion, 1,500-km (900 mile) project taking hoped-for oil from blocks under forests in the heart of the country to the coast.

Several oil companies have expressed interest in the Cuvette Centrale's 21 blocks, but no exploration has started. Blocks 1, 2 and 3 have been allotted to Brazilian company COMICO, pending a presidential decree to start exploring.

"We think we can start buliding the pipeline in 2015," Joseph Pili Pili, director of projects at the ministry of hydrocarbons, told Reuters on the sidelines of a conference.

"To finance it we will go to the companies, and the banks," he added, giving the $3 billion price tag.

The pipeline, dubbed "The Reptilian" after its lizard-like across the country, would link the Cuvette Centrale to Matadi river port on the western coast.

Pili Pili also said the ministry of hydrocarbons plans to add more blocks to the area, bringing the total to about 80.

Congo hopes a spate of proposed exploration that has oil majors Total and Eni interested will bring its stagnant oil sector to life.

Its tiny oil industry, which produces about 25,000 barrels a day from its onshore and offshore blocks in the southwest, is also waiting presidential go-ahead for exploration of blocks -- some of which are disputed -- in the east.
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Old April 13th, 2010, 11:54 AM   #4
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PETROLE - Le gouvernement veut mettre fin aux « aventures » dans l'exploration des nouveaux sites
Mardi, 13 Avril 2010 00:00



Le ministre des Hydrocarbures, Célestin Mbuyu, l'a déclaré le 12 avril sur la chaîne nationale.
Selon lui, certaines pratiques n'ont pas permis d'améliorer la production pétrolière.
Cette dernière s'est établie pendant plus d'un quart de siècle à vingt cinq mille barils /jours en République démocratique du Congo, contre deux millions b/j pour l'Angola et trois cents milles b/j pour le Congo-Brazzaville. Dans ces deux pays voisins, la production pétrolière intervient, respectivement, à hauteur de 40 % et de 75 % aux budgets nationaux. Certaines sociétés pétrolières ont conclu des contrats d'exploration-production avec l'Etat congolais sans avoir les moyens financiers et matériels de rentabiliser les blocs cédés. Pire, a poursuivi le ministre, elles se sont servies de ces contrats pour négocier un partenariat solide dans les milieux boursiers. Sur le terrain, plusieurs sociétés pétrolières ne sont encore qu'au stade de l'exploration. Les sites qui produisent déjà du pétrole, arrivent lentement mais sûrement à l'épuisement. « Il faut mettre fin à cette aventure », a expliqué fermement le ministre.

Investissements lourds

A en croire Célestin Mbuyu, les futurs défis pour la Rdc tourneront autour de la mise en œuvre des politiques qui encouragent l'exploration. Le ministre veut s'adresser désormais à des grandes sociétés pétrolières qui réunissent toutes les conditions pour aider le pays à mettre sur pied une véritable industrie pétrolière capable d'aider à son développement. Le gouvernement entend aussi disposer de toutes les données actualisées sur les gisements pétroliers. En effet, des études encore partielles ont confirmé la présence du pétrole dans d'autres provinces en dehors du Bas-Congo. L'on a cité, notamment, le Bandundu, l'Equateur et la Province orientale.
Le gaz est aussi une priorité pour épauler la Société nationale d'électricité dans le processus d'électrification de l'ensemble du pays. Sur ce point, la Rdc espère mettre sur pied un partenariat solide avec l'Angola. Un analyste a proposé également au gouvernement d'entamer sans délai la mise en valeur de la Cuvette centrale qui est classée en deuxième position, après l'Amazonie, pour ses essences forestières, ses produits agricoles, ses parcs et stations touristiques, ses ressources humaines, etc. Malheureusement, aucune route ou voie ferrée ne permet actuellement de désenclaver la zone. Il se pose aussi un problème d'électrification.

Matadi : autorités et Fec sur la même longueur d'onde
Aux dernières nouvelles, le gouvernement du Bas-Congo est venu à la rescousse des pétroliers en suspendant la taxe sur les produits pétroliers. Le week-end, Matadi a décidé d'épargner les vendeurs de carburant de la taxe de 25 $ par fût. Entretemps, les négociations sont annoncées entre les autorités et le Fonds d'entretien des routes au sujet de cette taxe. En effet, les usagers de la route de Matadi paient ce tarif au titre de péage, en dehors d'autres charges à s'acquitter auprès de la Direction des douanes et accises mais aussi de l'Office congolais de contrôle. Pour rappel, les recettes mobilisées, grâce au péage, ont permis aux autorités provinciales d'initier des travaux de réhabilitation des routes. La décision de suspension a été prise au regard de l'impact négatif de cette taxe sur les consommateurs des produits pétroliers et les transporteurs routiers. De Moanda à Matadi, les opérateurs économiques, membres de la Fédération des entreprises du Congo, ont salué la mesure.







OIL - The government wants to end the "adventures" in the exploration of new sites

Tuesday, April 13, 2010 00:00



The Minister of Hydrocarbons, Celestin Mbuyu, stated on April 12 on national television.
He said some practices did not improve oil production
. This has built up over a quarter of a century to twenty five thousand barrels per day in the Democratic Republic of the Congo, against two million b / d to Angola and three hundred thousand b / d in the Congo - Brazzaville. In these two neighboring countries, oil production takes place, respectively, at 40% and 75% in national budgets. Some oil companies have concluded contracts for exploration-production with the Congolese state without the financial and material resources to profitable blocks transferred. Worse, the minister said, they have used these contracts to negotiate a strong partnership in the media fellows. On the ground, several oil companies are still at the stage of exploration. Sites that are already producing oil, slowly but surely coming to exhaustion. "We must end this adventure," said Minister firmly.

Heavy investments

To believe Celestin Mbuyu, future challenges for the DRC revolve around the implementation of policies that encourage exploration. The minister wants to turn now to big oil companies that meet all the requirements for helping the country develop a genuine oil industry can help its development. The government also intends to have all the updated data on oil fields. Indeed, studies have also confirmed the partial presence of oil in other provinces outside of the Lower Congo. It cited, in particular, Bandundu, Equateur and Province Orientale.
The gas is also a priority to support the national power company in the process of electrification of the entire country. On this point, the DRC hopes to establish a strong partnership with Angola. One analyst also suggested the government to initiate without delay the development of the Central Basin, which is ranked second, after the Amazon forest for its trees, its agricultural products, its parks and resorts, its human resources etc.. Unfortunately, no road or railway does now open up the area. He is also a problem of electrification.

Matadi: Fec authorities and on the same wavelength
At last report, the government of Lower Congo came to the rescue of oil suspending the tax on petroleum products. On weekends, Matadi decided to save fuel sellers of tax of $ 25 per barrel. Meanwhile, negotiations were announced between the authorities and the Fund for road maintenance in respect of the tax. Indeed, the road users of Matadi pay this price under pay-off other expenses to comply with the Customs and Excise, but also the Congolese Control Office. As a reminder, revenues mobilized through the toll, allowed provincial authorities to initiate rehabilitation of roads. The suspension decision has been taken with respect to the negative impact of this tax on consumers of petroleum products and motor carriers. Moanda Matadi, traders, members of the Federation of Enterprises of Congo, welcomed the measure.

Last edited by BUTEMBO21; April 13th, 2010 at 12:04 PM.
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Old April 13th, 2010, 12:05 PM   #5
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LOL, I knew it had something to do with Angola and Brazza , now Uganda.
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Old April 19th, 2010, 10:11 PM   #6
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SOCO International secures drilling rig for Nganga well, Congo

SOCO International secures drilling rig for Nganga well, Congo

Quote:
SOCO International (LON:SIA) announced this morning it has secured an onshore drilling rig for its exploration drilling programme in the Nganzi block in the Democratic Republic of Congo. The programme will consist of two firm and two contingent wells.

The Nganga well on Prospect B of the block, is reportedly targeting 200m barrels of recoverable resources. The company expect the well to spud in mid-July and each well is expected to take 40-50 days to drill with another two to three weeks if testing is required. Soco says it continues to discuss farm-out options with a few select participants but so far has made no commitment to farm down its interest.
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Old April 25th, 2010, 09:02 PM   #7
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Prepping for action: DR Congo says it will offer onshore oil blocks

The Democratic Republic of Congo will open 10 blocks on Lake Tanganyika and six blocks on Lake Kivu for oil exploration, an energy ministry official said today. The central African country, which has already attracted interest from international majors for exploration blocks on its side of Lake Albert, will open the new offshore properties to bidding in April, Joseph Pili Pili, director of projects in Congo's oil ministry.
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Old April 30th, 2010, 01:19 AM   #8
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La RDC bientôt producteur de biocarburant jeudi 29 avril 2010

La République Démocratique du Congo (RDC) sera bientôt comptée parmi les pays producteurs et utilisateurs du « biocarburant » à partir des plantes « Jatropha et Ricin », a constaté l’ACP au cours des activités de la caravane du centenaire qui se tiennent dans la commune de N’djili, à Kinshasa Est.


Les expériences menées par l’ingénieur Emmanuel Koloando, l’initiateur du projet en RDC, ont démontré que la Jatropha, (autrement appelée Tshinka mbwankaulwa en Tshiluba, Mungala Pieme en dialecte teke, Potenge en swahili, Nganzinga en dialecte Ngwaka etc...) produit de l’huile non consommable qui, soumise à un traitement de laboratoire, produit du carburant non polluant et utilisable dans les véhicules sans difficultés.

Selon les mêmes expériences, le Ricin produit les SAE 40, 90, 120 etc.. La Jatropha et le ricin font partie des plantes « piége à carbone par leur capacité d’absorption de CO2 (gaz carbonique) et produisent les énergies dites « renouvelables propres ».

La RDC, aux dires de M. Koloando, dispose d’une raffinerie ultra-moderne après celle de l’Afrique du Sud, don du Chef de l’Etat Joseph Kabila Kabange. Le carburant produit à base de jatropha est utilisable dans les lampes tempêtes, les réchauds à pétrole et peut jouer le rôle de mazout dans les véhicules à injection.

La société congolaise de transport en commun, City-train, salue l’exploitation du biocarburant (mazout obtenu à partir du mélange des huiles de Jatropha et de ricin), mis au point par le chercheur en énergies nouvelles et renouvelables, Emmanuel Koloando. City-train a d’ailleurs expérimenté avec succès ce biocarburant sur l’un de ses véhicules. Ce dernier, responsable d’un centre de recherche des énergies renouvelables (CREER), est parvenu à mettre en place une raffinerie moderne « COEM », dont la capacité de production est de 2.000 litres de « mazout-B » par jour. Les responsables de City-train encouragent pareille initiative, car cette découverte va alléger les charges des sociétés de transport en commun dues à l’approvisionnement en carburant.

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Old April 30th, 2010, 01:20 AM   #9
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La RDC bientôt producteur de biocarburant jeudi 29 avril 2010

La République Démocratique du Congo (RDC) sera bientôt comptée parmi les pays producteurs et utilisateurs du « biocarburant » à partir des plantes « Jatropha et Ricin », a constaté l’ACP au cours des activités de la caravane du centenaire qui se tiennent dans la commune de N’djili, à Kinshasa Est.


Les expériences menées par l’ingénieur Emmanuel Koloando, l’initiateur du projet en RDC, ont démontré que la Jatropha, (autrement appelée Tshinka mbwankaulwa en Tshiluba, Mungala Pieme en dialecte teke, Potenge en swahili, Nganzinga en dialecte Ngwaka etc...) produit de l’huile non consommable qui, soumise à un traitement de laboratoire, produit du carburant non polluant et utilisable dans les véhicules sans difficultés.

Selon les mêmes expériences, le Ricin produit les SAE 40, 90, 120 etc.. La Jatropha et le ricin font partie des plantes « piége à carbone par leur capacité d’absorption de CO2 (gaz carbonique) et produisent les énergies dites « renouvelables propres ».

La RDC, aux dires de M. Koloando, dispose d’une raffinerie ultra-moderne après celle de l’Afrique du Sud, don du Chef de l’Etat Joseph Kabila Kabange. Le carburant produit à base de jatropha est utilisable dans les lampes tempêtes, les réchauds à pétrole et peut jouer le rôle de mazout dans les véhicules à injection.

La société congolaise de transport en commun, City-train, salue l’exploitation du biocarburant (mazout obtenu à partir du mélange des huiles de Jatropha et de ricin), mis au point par le chercheur en énergies nouvelles et renouvelables, Emmanuel Koloando. City-train a d’ailleurs expérimenté avec succès ce biocarburant sur l’un de ses véhicules. Ce dernier, responsable d’un centre de recherche des énergies renouvelables (CREER), est parvenu à mettre en place une raffinerie moderne « COEM », dont la capacité de production est de 2.000 litres de « mazout-B » par jour. Les responsables de City-train encouragent pareille initiative, car cette découverte va alléger les charges des sociétés de transport en commun dues à l’approvisionnement en carburant.

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Old May 4th, 2010, 01:35 AM   #10
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Oil rumble, where is my share?
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Old May 4th, 2010, 05:21 PM   #11
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I love the Oil showdown

The governor says. the instectors from Kinshasa have calculators from Mars Planet. :

The Moron Central government inspectors that do nothing but harass the local small businessmen. I like how the governor says he will send his own provincial inspectors alongside the National Morons thieves martian Inspectors.

Well done Mr Governor.
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Old May 4th, 2010, 08:25 PM   #12
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Vers l’exploitation du gaz naturel au Bas-Congo Version imprimable Suggérer par mail
Quote:
Matadi, 04/05(ACP).- Le gouverneur du Bas-Congo, Simon Mbatshi Batshia, s’est entretenu dernièrement à Matadi avec une délégation multinationale venue lui soumettre un projet d’exploitation du gaz naturel produit par la société pétrolière PERENCO installée à Muanda sur la côte atlantique (Ouest de la RDC).

Selon le porte-parole de cette délégation, la visite s’inscrit dans le cadre de la collecte des données fiables sur la production de PERENCO, avant la signature entre les deux parties d’un protocole d’accord d’investissement.

Outre l’exploitation du gaz naturel, la délégation multinationale s’intéresse également aux études de faisabilité sur l’exploitation des gisements de phosphate et de bauxite au Bas-Congo, en vue d’investir dans ce domaine minier. La paix qui y règne et l’hospitalité de la population du Bas-Congo mais aussi l’engagement du chef de l’Exécutif provincial dans la réussite de ce projet ainsi que dans la protection des investissements justifient le choix de cette multinationale.
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Old May 5th, 2010, 04:17 AM   #13
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Woow Bas-Congo is going for everything.

INGA 3, BHP ALuminum Smelter, Cement (CILU and CINAT) big Oil, now Phosphate and Natural Gaz. In Top of that Banana Deep Sea Port.

This is more than $10 billion worth of investments. Everybody is going to be moving to Bas-Congo .
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Old May 12th, 2010, 10:51 PM   #14
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Congo Oil Proposals Would Short-Change Country -Advocacy Group
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DOW JONES NEWSWIRES

Proposed oil contracts between U.K.-listed companies and Congo's government would short-change the country, U.K.-based research and advocacy group Platform said Wednesday, but company and government officials said the critique was off the mark.

The group said the key terms of the proposed agreements with U.K.-based Tullow Oil PLC (TLW.LN) and Heritage Oil PLC (HOIL.LN) to operate in the oil-rich Lake Albert basin would, if recognized, cut Congolese government revenues by over $10 billion.

Heritage and Tullow oil operate three blocks on the Ugandan side of the Lake Albert basin and people familiar with the situation have said Tullow is close to regaining the rights on the Congolese side, which it lost in 2007 after a dispute with the government.

"Tullow and the British Embassy in Kinshasa have been lobbying hard for these contract terms," Platform said. "This represents a significant transfer of wealth from some of Africa's poorest to British and Irish investors."

However, a Tullow Oil spokesman said in an emailed statement that calculating possible revenues, royalties or payments to the Congolese government is "absurd and premature" because no exploration of the license area has taken place and no agreements have been ratified.

"Tullow fully recognizes the sensitivity of resource extraction in Congo and is committed both to transparency and to the highest standards of environmental protection in any potential future operations," he said.

Heritage couldn't comment immediately.

A Congolese government official at the mining licensing body, Cadastre Minier, told Dow Jones Newswires separately that the government is working closely with relevant stakeholders to ensure that the oil deals are in the best interests of the Congolese people.

"I think the NGO is not aware of what is happening on the ground," he said by telephone from Kinsansha.

The official said the new oil code being formulated will regulate the sector more effectively and is expected to be passed before the end of the year.

At least 1 billion barrels of hydrocarbons have been confirmed in three blocks on the Ugandan side of the Lake Albert basin and commercial oil production is slated to start later this year.

-By Nicholas Bariyo, contributing to Dow Jones Newswires; 256-75-2624615 bariyonic@yahoo.co.uk
unusual for a western company to receive bad press, interesting
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Old May 13th, 2010, 04:13 AM   #15
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Quote:
Originally Posted by preme3000 View Post
Congo Oil Proposals Would Short-Change Country -Advocacy Group


unusual for a western company to receive bad press, interesting
Interesting indeed.
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Old May 13th, 2010, 04:56 PM   #16
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Imagine if that happened in Tanganyika



Tanganyika can make more money through tourism, A theme park along that coastline would be great investment.
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Old May 13th, 2010, 06:18 PM   #17
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Well, Oil brings in so much money and faster than anything that exist. Tourism is slow. first you need to build the infrastructures and then market yourself to bring in tourists.


Oil on the other hand, once being pumped, millions will be in every day.
Tourism is on the bottom of my list, it will come in eitherway, after infrascturtures have been in.

I would love to see, Agriculture, Cement industry,Textile industry and food processing . Of course Mining and Oil will bring the extra money.
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Old May 14th, 2010, 03:19 PM   #18
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Lake Albert reservoirs: Rival’s bid more lucrative

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Platform claims that the contracts, which were recently leaked, include a 15 per cent reduction in the Congolese Government’s stake compared to a South Africa rival’s bid, amounting to a $10 billion possible loss in government revenues, a figure nearly equivalent to the Central African country’s national debt.

Platform, an organisation that has been studying oil contracts and company movements in Africa, said that deals with Heritage Oil and Tullow Oil for access to oil reserves in eastern Congo, posed the “danger of economic rip-off and rights abuses”.

The study, coordinated with the African Institute for Energy Governance, said that the contracts offered by the British groups were not as lucrative for the Congolese as other offers currently on the table.
Accused of bias

Quote:
But Platform has been accused of bias in the past, and some say the reports were unfair. Earlier in the week, Tullow Oil was named as the company with the best corporate-social-responsibility program in Uganda, and the company has earned a reputation for doing things differently and transparently.

In fact, its stakes in some of Africa’s most important countries was growing, one of them being Ghana, which was planning to drill its own oil offshore.
Africa Review by courtesy
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Old June 21st, 2010, 09:58 AM   #19
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Old June 24th, 2010, 07:29 PM   #20
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Congo strips Tullow of oil block rights
Thu Jun 24, 2010 2:43pm GM
Quote:
By Katrina Manson

LONDON (Reuters) - Democratic Republic of Congo has stripped British energy firm Tullow of its rights to develop two oil blocks on Lake Albert, according to documents seen by Reuters on Thursday.

Presidential decrees awarded little-known energy firms Caprikat and Foxwhelp, both registered in the British Virgin Islands, development rights to Block 1 and Block 2 on the lake, which straddles the Congo-Uganda frontier.

The blocks had previously been awarded to Tullow in a 2006 accord in which the company paid a $500,000 signing bonus, and South Africa's Divine Inspiration Group also claims rights to Block 1 after a 2008 deal in which it paid $2.5 million.

"The award of these licences to an unknown British Virgin Islands registered company does nothing to help Africa build any sort of reputation for transparency," Tullow said in a statement emailed to Reuters.

"We are reviewing our options but have no doubt about the legal validity of our claims to these blocks," it said.

Congo's director of projects at the Ministry of Mines confirmed the awards. "It's true, exactly," he told Reuters.

The vast central African state, once a major minerals producer but scarred by a 1998-2003 war and ongoing rebellions that killed millions, has attracted a flurry of investor interest after a big oil find on the Ugandan side of Lake Albert.

Tullow holds a development deal on the Ugandan side of the lake and had been hoping to join them with the Congolese blocks.

The Ministry of Mines is seeking a $6 million signature bonus from Caprikat and Foxwhelp for the awards, according to a letter dated June 10 and seen by Reuters.

Land-based Block 3 goes to SacOil, a South African consortium in which Divine and Encha Group each have a 50 percent share and which had signed an accord in 2007, according to the documents.

"We're looking at investing a total of $100 million over the next four years," Andrea Brown, director of SacOil, told Reuters. "We will start immediately."

Another company, Polar Petroleum DRC, registered in Congo in April, is seeking a memorandum of understanding for Block 4.
reuters
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