This week, we looked back on some of the best companies and projects from 2016. We finish the series with National Iranian South Oil Company (NISOC) and the Republic of Congo’s onshore project of the year.
Building a base: In The Oil & Gas Year Republic of Congo 2016, the Onshore Project of the Year was awarded to the state-owned Integrated Logistics Services (ILOGS) base. This onshore base has played a key role in Total E&P Congo’s Moho Nord project – the Offshore Project of the Year – and has allowed the state to retain a part of the USD 10-billion investment made by the French super-major and its partners.
With a contribution from Total E&P Congo, ILOGS and its own partners have invested USD 60 million in the base’s expansion, which will double the quayside, build roads, develop additional storage areas and rental space and dredge the existing harbour to accommodate larger vessels.
In December 2015, Congo’s largest offshore project, Moho Nord, achieved first oil. First production, which will reach a rate of 40,000 bopd and is produced through the Alima floating production unit, was the first of the three major development phases of the project. The event was a boon to Congo’s aim of increasing oil production to boost revenues from its hydrocarbons resources. The project is slated for completion in 2017.
For a more comprehensive view, see our business intelligence platform TOGYiN. TOGYiN features profiles on companies and institutions active in thirty oil and gas markets worldwide, and provides access to all our coverage and content, including our interviews with key players and industry leaders.
In every market, the winners are the best informed: learn more about TOGYiN.
Erwin Krueck, managing director of All Brokerage Solutions (ABS) in Angola, talks to The Energy Year about how the company… Read More
Russell Boodoo, regional business development manager at TOSL Engineering, talks to The Energy Year about the company’s role in supporting… Read More
Suresh Pillai, CEO of Mark Technologies, talks to The Energy Year about the company’s involvement in Jurassic gas production and… Read More
Narvin Salick, district manager of Gyrodata Trinidad, talks to The Energy Year about how the company has been impacted by… Read More
Billy Lacobie, CABGOC’s managing director for Southern Africa, talks to The Energy Year about recent strategic and operational developments in… Read More
Angola is working hard to increase its power generation capacity by boosting hydro and solar energy, as well as linking… Read More
This website uses cookies.