The Republic of Congo expects to launch a new shallow-water licensing round for 2017/18 after its last round closes at the end of March when winning bidders are expected to be announced, the oil minister said on Wednesday.
Jean-Marc Thystere Tchicaya said the new licensing round would consider pre-salt and post-salt plays close offshore of the west African nation.
Last year Congo launched its 2016 license rounds for eight deep and ultra-deep offshore blocks and five onshore blocks in the Coastal and Cuvette basins. Click here for information on Congo 2016 licensing round. (Source: Reuters)