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Republic of Congo's Energy Industry

Republic of Congo

in figures

Oil reserves2.9 billion barrels

Oil production307,000 bopd

Gas reserves111 bcm

Gas production240 bcm

Republic of Congo: New Projects and New Production

The Republic of Congo’s oil and gas industry was the first to begin production in West Africa and now produces the third-largest amount of crude in Sub-Saharan Africa. The nation produces mainly oil with only small amounts of natural gas and condensate liquids. As a net exporter of crude, the majority of the country’s revenues are dependent on fluctuations in oil prices. The OPEC member has long attempted to make the market attractive to foreign IOCs to continue to keep up with its traditional strong production growth.

The hydrocarbons sector of the Republis of Congo’s energy industry is dominated by NOC SNPC Congo, which is the exclusive concessionaire of E&P permits. The state-run company has been joined by many IOCs participating in the Republic of Congo’s upstream sector, including TotalEnergies, Chevron, Perenco and Eni. Independents also play a role in the tapping into the country’s resources. Most producing fields are now offshore, including the prolific Mondo Nord field development.

To curb the country’s reliance on export prices, plans have been made to upgrade the country’s power generation and refining capacity. “The government values the economic diversification of the country and plans to leverage this,” Jean-Marc Thystère Tchicaya, former minister of hydrocarbons for the Republic of Congo, told The Energy Year. “Apart from the use of gas for production of electricity, the amount of which has been expanding in recent years, other aspects of gas valuation are being studied and offer more opportunities for monetisation.”

The USA and EU pledge support for Africa’s Lobito Corridor
Angola - September 12, 2023

The USA and the EU have teamed up to support the Lobito Corridor trade route linking Zambia and Democratic Republic of Congo to…

Eni sells assets in Congo to Perenco for $300 mln
Republic of Congo - June 28, 2023

Eni has sold several permits in the Republic of Congo to European independent Perenco for USD 300 million, the Italian energy…

Chevron begins look for buyers for Congo assets
Republic of Congo - May 25, 2023

Chevron has begun the sale process for its oil and gas assets in the Republic of Congo, Reuters reported on Thursday.

Chevron holds a 31.5% non-operating share of…

Congo’s SNPC sees new opportunities in gas and hydrogen Maixent-Raoul-OMINGA use
Republic of Congo - May 22, 2023

Maixent Raoul Ominga, director-general of Société Nationale des Pétroles du Congo (SNPC), talks to The Energy Year about how the company’s revitalisation plan will…

Eni begins development of Congo LNG project
Republic of Congo - April 26, 2023

Eni has laid the foundation stone for the Republic of Congo’s first LNG project, the Italian energy giant announced on Tuesday.

Gas for the development will be…

Somoil ups its stake in Angola’s upstream sector
Angola - February 13, 2023

Galp has agreed to sell its stake in upstream plays in Angola to local independent Somoil*, the Portuguese energy giant announced in its annual report on…




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