Congo (former Zaire)

Inpex Corp., Tokyo, took a farmout from SOCO Exploration & Production-DRC SPRL to earn a 20% interest in the 800-sq km Nganzi block in the North Congo basin onshore in western Congo (former Zaire).

July 15, 2010

By OGJ editors
HOUSTON, July 15 – Inpex Corp., Tokyo, took a farmout from SOCO Exploration & Production-DRC SPRL to earn a 20% interest in the 800-sq km Nganzi block in the North Congo basin onshore in western Congo (former Zaire).

Meanwhile, SOCO as operator with 65% interest has spud the Nganga well on Prospect B the block as the first of a three-well exploratory program. Inpex, which produces oil off Congo, will fund 40% of the cost of the three-well program plus its share of historic costs. Cohydro has 15% interest in the block.

Interpretation of 360 line-km of 2008 seismic identified four large structures, three of which are to be tested with the initial 2010 drilling. Capacity of each of the three initial structures is estimated at 200 million bbl recoverable.