An oil company, Oil of DR Congo will spend $100 million to drill oil on the Congolese side of Lake Albert starting April 2014.
This is a risky venture, Strategic Intelligence Analyst David James argues.
The Democratic Republic of Congo border regions lie along the lake and as we know, these regions are extremely dangerous since dozens of militia groups operate from within this region’. He pointed out.
Oi of DR Congo will drill four wells in 2 blocks to explore the quantities of oil in the Congolese side of Lake Albert after major discoveries on the Ugandan side.
The company is committed to ensure it achieves its goal of confirming oil deposits in the DR Congo.
The company has outsourced private security to secure it’s operations from militia besides collaborating with the locals to ensure safety of drilling site workers safety.
