Back toour markets

Republic of Congo Overview

Republic of Congo

in figures

Oil Reserves1.6 billion barrels

Oil Production291,000 bopd

Gas Reserves111 bcm

Gas Production240 mcm

Republic of Congo: New Projects and New Production

The Republic of Congo is the fourth largest Sub-Saharan producer of oil, with an output of 291,000 bopd in 2017. Its proven oil reserves amounted to 1.6 billion barrels in 2015, with a reserves-to-production ratio of 15.8%.
In 2017, the country is expected to leapfrog Equatorial Guinea and become the third-largest producer in the region, largely thanks to Total E&P Congo’s Moho Nord project. The USD 10-billion Moho Nord project, the largest oil project in the country’s history, was launched in 2013 and has the potential to increase Congo’s production by 50% to a total of 140,000 bopd in 2017. Targeted reservoirs amount to 700 million boe.

Eni Congo’s own developments in the Marine 12 block are also expected to have a significant impact in the Congolese hydrocarbons value chain, with a special focus on the country’s gas reserves development. The Nene Marine field, which holds 1.5 billion bie in 30 different wells, started production in December 2015. Production is expected to reach 120,000 boepd by 2020. A project to develop a floating liquefied natural gas production unit for Eni Congo as a means to monetise the produced gas in the field is also underway by stakeholder New Age (African Global Energy), with first production expected in 2019.

Stimulating the Congo’s upstream segment is a priority for the country’s Ministry of Hydrocarbons, as well as developing and monetising its downstream sector via power generation and increasing its gas and refining capacities. In order to renew its oil and gas reserves, a licensing round was launched in October 2015 with deepwater and onshore blocks open for bidding. In October 2016, the bidding process was expanded to shallow-water blocks.
The enactment of a new hydrocarbons code is central to the ministry’s strategy for the country. The new regulation was signed into law in October 2016 and encourages exploration and production activities by introducing provisions conducive to private companies’ recovery of investment as well as more favourable fiscal and Customs regimes.

Interview
Angola - August 06, 2021

José Kuvingua, chairman of Port of Cabinda, talks to The Energy Year about challenges in increasing traffic and enhancing…

READ MORE
Interview
Angola - August 04, 2021

Derek Magness, managing director of Cabinda Gulf Oil Company Limited (CABGOC), talks to The Energy Year about the resilience of…

READ MORE

Republic of Congo books

More books
Eyas ALHOMOUZ CEO PETROMAL
Interview
Abu Dhabi - May 19, 2021

Eyas Alhomouz, CEO of Petromal, talks to The Energy Year about the importance of going back to the drawing board as market…

READ MORE
Nuno Pereira Bestfly Angola
Interview
Angola - March 18, 2021

Nuno Pereira, CEO of Bestfly, talks to The Energy Year about the company’s activities in meeting the aviation needs of…

READ MORE
Congo-Brazzaville Hydrocarbons Blocks Map

Republic of Congo maps

Congo-Brazzaville Hydrocarbons Blocks

ALL MAPS
Republic of Congo building $600-million refinery
NEWS
Republic of Congo - February 24, 2021

Republic of Congo has launched construction of a USD 600-million refinery set to transform the country’s downstream…

READ MORE
Léonardo TEKA NGANGA
Interview
Angola - February 08, 2021

Léonardo Teka Nganga, president of EWS Grupo and EWS Angola, and Fabrice Despres, executive general manager, talk to The Energy…

READ MORE
NJ Ayuk
Interview
South Africa - August 11, 2020

NJ Ayuk, president of the Africa Energy Chamber (AEC) and CEO of Centurion Law Group, talks to The Energy Year about how the Covid-19 pandemic has impacted African…

READ MORE
Interview
Angola - September 26, 2019

Frederico Correia, oil and gas partner at Deloitte, talks to TOGY about the positive developments that have occurred in Angola’s oil and gas industry. Deloitte operates…

READ MORE
Interview
Angola - May 16, 2019

Derek Magness, managing director of Cabinda Gulf Oil Company (CABGOC), talks to TOGY about its upstream development progress, the impact natural gas could have in the…

READ MORE
More pay encountered in Congo well
NEWS
Republic of Congo - December 27, 2018

The Republic of Congo is the fourth largest Sub-Saharan producer of oil, with an output of 291,000 bopd in 2017. Its proven oil reserves amounted to 1.6 billion barrels…

READ MORE

 

WHOSE PLATFORM IS THIS?
ASK US

  • Do you have a question for TOGY about oil and gas?
  • If we know, we’ll tell you.
  • If not, we’ll ask the experts in the field.