An indigenous private oil and gas company Pelfaco has entered into oil production sharing deal with Congo Republic’s state energy firm on a 32-million barrel oil field on Congo’s oil ministry Tuesday confirmed the arrangement.
The Congolese ministry said in a statement that the field in the south of the country would last for 25 years, but gave no further details.
Congo’s energy industry has staged an unexpected comeback over the past year, owing to major finds from Italy’s ENI and French oil major Total, lifting an economy hobbled by massive debts, civil unrest and graft.
Pelfaco Limited is a fully indigenous Nigerian company, incorporated to provide upstream and downstream specialised services in engineering, procurement, construction, installation and maintenance of oil and gas facilities including dredging/shoreline protection services in swamp areas.
It carries out turnkey construction services in the oil and gas industry including project management.
The company strives to provide top quality service in swamp, land and offshore construction works for the Oil & Gas industry within the West African Sub-Region with high commitment to people-service-profit oriented philosophy, while ensuring quality service to clients’ specifications and satisfaction.