(Bloomberg) -- High Resolution Technology Petroleum,
a Brazilian geological surveyor, will begin mapping an uncharted
area in the Democratic Republic of Congo that may have oil
deposits, Hydrocarbons Minister Lambert Mende said.
The Rio de Janeiro-based company is conducting preliminary
analysis on three of 26 blocks in the Cuvette Centrale basin, an
800,000-square-kilometer (308,882-square-mile) area of tropical
rainforest in the center of the country, Mende said yesterday in
an interview in the capital, Kinshasa. Initial estimates
provided by HRT suggest there may be 10 billion barrels of light
crude in the basin, he said.
Read more at Bloomberg Emerging Markets News
a Brazilian geological surveyor, will begin mapping an uncharted
area in the Democratic Republic of Congo that may have oil
deposits, Hydrocarbons Minister Lambert Mende said.
The Rio de Janeiro-based company is conducting preliminary
analysis on three of 26 blocks in the Cuvette Centrale basin, an
800,000-square-kilometer (308,882-square-mile) area of tropical
rainforest in the center of the country, Mende said yesterday in
an interview in the capital, Kinshasa. Initial estimates
provided by HRT suggest there may be 10 billion barrels of light
crude in the basin, he said.
Read more at Bloomberg Emerging Markets News
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