Our subsidary, Hemla E&P Congo, was awarded a 20% participating interest in PNGF Sud in the bid round organized by the Ministry of Hydrocarbons, September 2016.

The license is operated by Perenco and is currently producing in excess of 20,000 barrels of oil per day. The PNGF Sud license is located in shallow water, 25 km off the coast of Pointe Noire and contains the Tchendo, Tchibouella, Tchibouela Est, Tchibeli and Litanzi producing fields.

We are excited to work closely with our local and international partners in the PNGF Sud license and implement our commitments to the Government and people of Congo.