Eni and the Congolese state company Société Nationale des Pétroles du Congo (SNPC),will jointly explore the hydrocarbon potential of the Ngolo block, which is part of the Cuvette Basin. The block is located approximately 350 kilometers north east from the capital Brazzaville and covers an area of over 16 thousand square kilometers.
Eni, through its company Eni Congo, will participate, as Operator, in the joint venture with SNPC for the exploration of the block. Last 19 July, the Republic of Congo's Ministry of Hydrocarbons assigned the Ngolo exploration license to SNPC.
Exploration activities will take place over a period of 10 years and they will target the Mesozoic and Paleozoic sedimentary geological sequences.