HEMLA HAS BEEN AWARDED PARTICIPATING INTEREST IN PNGF SUD LICENSE IN CONGO BRAZZAVILLE

Hemla is proud to announce that it has been awarded a participating interest in the PNGF Sud license in Congo Brazzaville, as a result of the competitive bid organized by the Ministry of Hydrocarbons, September through November 2016. 

Hemla has set up a consortium with Petromal of Abu Dhabi, UAE and a local Congolese partner to participate in the bid round where it has been awarded a 20% participating interest in PNGF Sud. Other partners in the asset are Société Nationale des Pétroles du Congo – SNPC (15%), Continent Congo S.A. (10%), Africa Oil & Gas Corporation (10%), Petro Congo (5%) and Perenco (40%), which will also act as operator.

The license, which is located in shallow water 25 km off the coast of Pointe Noire (Congo), encompasses Tchendo, Tchibouella, Tchibouela Est, Tchibeli and Litanzi fields, as well as certain installations, jointly designated as PNGF Sud.

Hemla is excited to work closely with its local partners and Petromal to develop the PNGF Sud license and implement its social commitments to the Government and people of Congo Brazzaville.   

Petromal is the oil and gas arm of National Holding focusing on upstream, downstream and petroleum services and covers oil and gas exploration & production, distribution, refining, petrochemicals, oil field services, engineering, construction, and fabrication and minerals. National Holding is one of Abu Dhabi’s leading privately owned conglomerates maintaining a multi-billion dollar investment portfolio of companies operating in the financial, industrial, property development, general trading and oil & gas sectors worldwide.

Hemla is a Norwegian based company with a long history of developing gas, LNG, re-gas related projects in Africa, MENA and the Americas with partners that include Norway’s Statoil and South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME), and lately a LNG and LPG project related to flare gas capture in Iran, in addition to trading activities. Additionally, through its daughter company, NOR Energy, Hemla has held and operated assets in the North Sea, Tanzania and Czech Republic.

Our partnership will expand the cooperation between Norway and UAE, focused on investment into hydrocarbons and renewable energy, of which the award of PNGF Sud is an exciting start. Petromal and Hemla are committed to be good corporate citizens around the world, recognizing our responsibility to work in partnership with the communities in which we operate to build local competence and make a difference.