the Congo and SNPC
their royalty oil and entitlement share,
Around a third of the oil produced goes directly to the government and is sold by SNPC
on behalf of the state.
The remaining stakes are shared among Eni SpA (NYSE: E)(10%), Angolan energy firm Sonangol (10%), the Republic of Congo National Oil Company - SNPC
China National Nuclear Corporation (CNNC) holds a 51% stake in SNPC
Chevron and the Congolese state-owned oil company SNPC
The team will use Petrel(*) seismic-to-simulation, IP (Interactive Petrophysics), OFM(*) well and reservoir analysis and PIPESIM(*) production analysis software to develop a plan for redevelopment of the Kundji and Bindi reservoirs that represents a strategic milestone for SNPC
Maurel & Prom has negotiated a 20% stake in the Tilapia and Marine III permits, jointly owned by the SNPC
(35% on Tilapia and 25% on Marine III) and Prestoil (the operator of the permits, 45% on Tilapia and 55% on Marine III).
s acquisition of these two blocks with our partner SNPC
Transfer of 10% of the M'Boundi rights to the SNPC
in exchange for an extension of the rights on this permit from 2017 to 2030 reducing Maurel & Prom's share of production.
Eni, through its company Eni Congo, will participate, as Operator, in the joint venture with SNPC
for the exploration of the block
The reduction in quantities sold is explained by first, a 530 Kboe stock effect, valued at EUR25 million (or US$32 million) second, the sale of 10% of the M'Boundi rights to the SNPC
on January 1, 2006.
5% and the Congolese national oil company, SNPC
, will hold 15%.