The exploration of the Lianzi oilfield on the border between Angola and Congo Brazzaville, is scheduled to begin in October, said the governments of the two countries in a joint statement issued Monday in Brazzaville.
“Following the research activities of the Congo National Oil Company and Sonangol the two countries have decided to explore the Lianzi field together,” the statement said.
The statement came at the end of the 24th meeting of the steering committee held in the Congolese capital, which included the Congolese oil and gas minister, André Raphael Loemba and Angolan oil minister, José Maria Botelho de Vasconcelos.
The Lianzi oilfield, with estimated reserves of 70 million barrels, will be operated by US oil company Chevron, which plans to invest US$1.9 billion. (macauhub/AO)