Congo President Denis Sassou Nguesso promised on Wednesday to utilize the discovered hydrocarbon field in the Cuvette region (north) in an environmentally friendly way.
This comes a few days after two oil companies presented their exploration findings from an onshore oil field discovered in the Cuvette region.
Mr Sassou Nguesso said that the deposits are located on the edge of wetlands that support peatlands.
“Congo remains fully aware of the need to preserve peatlands, given their impact on global climate balance and the protection of biodiversity,” the Congolese president stressed.
“Our country has never violated the obligation to protect peatlands in its lake areas. It has no intention of doing so in the future, notwithstanding the financial compensation announced and still to be received,” he said.
The president was speaking in a speech to commemorate and celebrate the 59th anniversary of the independence of Congo, a former French colony, on August 15.
The “Delta de la Cuvette” deposit covers an area of 9,392 square metres and could produce up to one billion cubic metres of hydrocarbons, including 359 million barrels of oil, or 983,000 barrels per day.
The share of the Congo is 35%.
Two oil companies belonging to Congo business tycoon Claude Etoka own the Delta de la Cuvette. Mr Etoka is very close to President Sassou Nguesso.