Muanda International Oil Company (MIOC), a subsidiary of independent oil and gas firm Perenco, has announced an oil discovery offshore the Democratic Republic of Congo (DRC).
The discovery was made in the Moke-East well, located between the Lukami and Motoba fields, where a 24-foot net oil-bearing column was encountered using Dixstone’s Nuada drilling rig.
“While testing continues, we are encouraged by the initial results of the Moke-East well,” stated Frédéric Kiepferle, Perenco’s DRC General Manager.
In addition to the exploration wells, MIOC is expanding exploration offshore DRC with a campaign to drill twelve wells in the GCO field over the next 12 months using the Nuada rig.
“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,” added Kiepferle. “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.”
The two exploration wells mark the country’s first offshore drilling campaign in 30 years.
