The Congolese government’s desire to accelerate the exploration and exploitation of oil and gas, including in peatlands, is the subject of strong criticism from environmental NGOs. The subject was even broached by Antony Blinken during his interview with Félix Tshisekedi, during the visit of the American Secretary of State to Kinshasa in early August. But the president Congolese don’t give up.
He himself launched the bidding process for the allocation of oil and gas blocks, with the aim of making his country a real producer of hydrocarbons (current production is around 8 million barrels /year) and increase state revenue. All this while insisting on the fact that the DRC will not depart from its promise to be a solution country in the protection of the environment and the fight against global warming. For Young Africathe Minister of Hydrocarbons, Didier Budimbu explains the process in progress.
DRC: Eni, TotalEnergies, Exxon… The majors ready to fight for Congolese oil
Capcov: why is Kinshasa selling oil blocks and how many blocks are involved?
Didier Budimbu: First of all, it is necessary to specify that the oil blocks it is are not for sale. It is more a question of the allocation of hydrocarbon exploration and exploitation rights under a production sharing contract or a block service contract, following an appeal procedure. offers carried out in accordance with the law in force. The allocation of oil blocks by Kinshasa is in execution of the government’s program aimed at enhancing the oil and gas heritage of the DRC with a view to increasing the country’s hydrocarbon production, thereby significantly increasing revenue in the budget. of the State, with all the repercussions which follow from it in particular on the socio-economic level. This first phase of the bidding process covers 27 oil blocks and 3 gas blocks.
How do you estimate the hydrocarbon reserves of these blocs ?