Oil in Congo. Profit for Whom?

Reply Fri 5 Nov, 2004 01:22 pm

Heritage Oil Starts Drilling in Congo

New Vision (Kampala)
November 5, 2004
Posted to the web November 5, 2004

By Emmy Olaki

Heritage Oil Corporation has commenced drilling oil in Kouakouala Oil Field in Congo Brazzaville.

The estimated drilling time in the 1,700 metre well, in which Heritage has a 25% working interest, is approximately 35 days.

"This is the first well in the development programme of Kouakouala field. The programme would also involve installation of a water injection scheme," Michael Gulbenkian, the CEO of Heritage Oil said in a statement recently.

Heritage Oil, is also involved in oil exploration in western Uganda, where they are drilling the third well in Block 3 in Semliki.

Gulbenkian said their goal was to boost production and ultimate recovery from Kouakouala field.

"This oil field has been in production since May 2000. However, production has declined to about 900 barrels per day from three wells. The drilling of more development wells will provide access to reserves," he said

Gulbenkian said the water injection programme was intended to raise reservoir pressure to increase well productivity and maximise recovery from the field.

Heritage is an international oil and gas corporation with principal properties in Uganda, Oman and Congo.

I wonder how much of the oil money will be spent in Congo/Brazzaville?
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Reply Fri 5 Nov, 2004 03:16 pm
I wonder how long before bush finds an excuse to invade them?
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Reply Fri 5 Nov, 2004 03:23 pm
If he invades them then we will know he has dropped the ball. In the Congo an accountant and a bag man are much more efficient tools of aggression.
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Walter Hinteler
Reply Fri 5 Nov, 2004 03:53 pm
Bi-Polar Bear wrote:
I wonder how long before bush finds an excuse to invade them?

Some ideas:

Militia fighters clash with former rebels in east Congo, 2,000 people flee

Amnesty tells of baby rape in Congo

Thousands raped in Congo war

Congo unable to help its 40 000 rape victims

Rebels Overrun Congo Town and Nearby Mine

And of course: they speak French!!!
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