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Congo’s Lone Oil Giant Quits Search, Partner Says

  • Congo block may contain as much as 1.2 billion barrels of oil
  • Remaining partners will seek extension of permit in July
Should Total’s exit from Block 3 be confirmed, the company will remain active in Congo through its network of 45 gas stations.

Should Total’s exit from Block 3 be confirmed, the company will remain active in Congo through its network of 45 gas stations.

Photographer: George Osodi/Bloomberg

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Total SA, the only oil major exploring for crude in the Democratic Republic of Congo, indicated it’s pulling out of a block in the central African nation, one of its partners said.

The French company has been searching for oil in Block 3 in eastern Congo since March 2011. Its license for the field, near the border with Uganda, initially expired in January 2016 and has been extended several times, including this month.