Fleurette Group’s subsidiary Oil of DRCongo has agreed to renovate the Bunia-Kasenyi Road, situated in the Oriental Province in northeast DR Congo, for US$750,000
The project, covering a stretch of 14km, is expected to be complete within the next six to eight months.
The road is reportedly a vital artery linking the towns of Bunia and Kasenyi. It facilitates the supply of goods to Bunia and the on-going trade between these towns, creating jobs, encouraging investment and aiding the development of a region which has been heavily impacted by conflict over so many years, the company said.
As operator of Blocks I and II on the Albertine Graben, Oil of DRCongo said that it has provided support to the local community, company sources said. The explorer has also completed feasibility studies for the refurbishment of the Budana Power Plant with the aim of doubling capacity, the enhancement of waters supply system to
Bunia through a new pipeline and new storage/treatment facilities, and the drilling of new water wells in Kasenyi.
The company added that it has also received endorsements from the country’s minister of hydrocarbons to ensure the continued development of the oilfields.
According to the company sources, Oil of DRCongo has invested in excess of US$70mn in the exploration works of the Blocks I and II so far, including above US$20mn on the seismic investigations. The seismic data acquisition was carried out by UK’s TESLA.
Giuseppe Ciccarelli, CEO of Oil of DRCongo, said, “We are delighted to be supporting the rehabilitation of this important transport link as part of Oil of DRCongo’s on-going commitment to the communities in northeast DR Congo. We are excited about the future prospects for Blocks I and II. Oil of DRCongo is generating jobs, fuelling development and prosperity and contributing to social progress. Fleurette Group is proud to be leading the effort help the DR Congo build a competitive, sustainable oil industry.”
The company is currently carrying out a feasibility study aimed at evaluating the entire drilling exercise to establish four wells in the country.
