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Congo Grants Total Extension to Oil-Exploration License

  • Total must develop drilling program under terms of license
  • Congo may hold as much as 6% of Africa’s oil reserves
Updated on

The Democratic Republic of Congo granted Total SA a one-year extension to a license allowing it to explore for oil along the Ugandan border.

Total must meet objectives including developing a drilling program before the new permit expires Jan. 26, 2019, Oil Minister Aime Ngoy Mukena said in a written response to questions. The company is also expected to produce a plan for exporting future oil production via a link to a pipeline that will connect western Uganda’s oilfields to Tanzania’s coast.