Congo: Deep Water License Round 2016 Takes Off

The Congo License Round timing is now confirmed, with a bid submission date of 31st January, 2017. All bid documents for the round are now available, including the recently ratified Petroleum Code, model PSC Terms and Guide for Investors.

PGS is supporting the license round with a considerable amount of seismic data (Fig.1). These include the recently acquired Marine XX 3D GeoStreamer® survey as well as extensive MegaSurvey 3D data, and depth products from the brokered MPN/MPS 3D datasets. Fast-track data of the new Marine XX 3D GeoStreamer survey is already available for evaluation.

Companies wishing to bid on any of the eight offshore open blocks (Fig.2) have until 31st January, 2017 to prepare their bid offers and meet the data package criteria. The results will be announced after the end of March, 2017.

(Fig.1) Congo Coastal Basin offshore datasets. (Fig.2) Congo Coastal Basin Bid Blocks.(Fig.1) Congo Coastal Basin offshore datasets. (Fig.2) Congo Coastal Basin Bid Blocks.