{{Fleurette Group\u2019s 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.}}<\/p>\n
The project, covering a stretch of 14km, is expected to be complete within the next six to eight months.<\/p>\n
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.<\/p>\n
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. <\/p>\n
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.<\/p>\n
The company added that it has also received endorsements from the country\u2019s minister of hydrocarbons to ensure the continued development of the oilfields.<\/p>\n
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\u2019s TESLA.<\/p>\n
Giuseppe Ciccarelli, CEO of Oil of DRCongo, said, \u201cWe are delighted to be supporting the rehabilitation of this important transport link as part of Oil of DRCongo\u2019s on-going commitment to the communities in northeast DR Congo. We are excited about the future prospects for Blocks I and II. <\/p>\n
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.\u201d<\/p>\n
The company is currently carrying out a feasibility study aimed at evaluating the entire drilling exercise to establish four wells in the country.<\/p>\n
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