The region is at the center of geopolitical relationships, sparking a growing interest with the start of exploration in the Albertine Graben, on the border with Uganda. Recently, Oil Price Information confirmed the presence of hydrocarbon resources at the border of the two countries as "an opportunity for potential bilateral negotiations in order to promote cooperation and optimal exploitation of natural resources."Despite the significant advance of Uganda regarding the development of the oil industry at the border, the time for the DRC could find in this alliance with the Ugandan government, CNOOC, Total and Tullow Oil, a way to develop the resources in the Lake Albert region.
Regarding the potential gas resources, Lake Kivu could be the solution to counter the lack of energy supply in the region and meet the demand growth of mining operators. Draft bill on oil regime: The plenary approved the conclusions of the work.
After a long waiting period for approval of the new Code of hydrocarbons, the Plenary finally approved the work for a bill on the oil and gas regime. The hydrocarbons sector is now subject to a sharing of oil coming home to allow "re-boost" investment in the region safely on the tax and legal.
On the menu for the iPAD DRC Oil & Gas Forum 2015
- Legal and fiscal framework: the impact of the revision of the Code of hydrocarbons code
- Bilateral cooperation and transboundary resources
- Seismic data analysis and assessment of potential on-shore and off-shore DRC
- Ensure the safety of operations in areas at risk
- Case study: the central basin & Lake Kivu
- Energy security: exploration of gas resources in Lake Kivu
- How to recreate an attractive investment climate in the DRC?
- What are the drivers of growth conditions and to encourage new projects in the regions?
- Development and consolidation of infrastructure: prerequisite for integration of petroleum products
- What is the future of the refining industry?