Total has commenced production from the Moho Nord project offshore Republic of Congo, the French major announced on Wednesday.
The deepwater venture 75 kilometres…
READ MOREOil reserves(2022):1.8 billion barrels
Oil production (2022):269,000 bopd
Gas reserves (2022):284 bcm
LNG export capacity (2024:)600,000 tpy
The Republic of Congo’s oil and gas industry produces the third-largest volume 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 country’s hydrocarbons sector 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 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 its 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 the 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 USD 5-billion Congo LNG project is expected to reach a capacity of 3 million tonnes per year. First gas was introduced to the project’s first FLNG vessel, Tango, in December 2023 and the inaugural shipment from the facility was announced in late February 2024.
Billy Lacobie of CABGOC talks about developments in blocks 0 and 14 and the launch of the Lifua A platform.
READ MOREAngola is working hard to increase its power generation capacity by boosting hydro and solar energy.
READ MOREDomingos Augusto of Sonamet talks about how the company will successfully deliver on the Agogo project.
READ MORETrident Energy has acquired stakes in fields offshore the Republic of Congo from Chevron and TotalEnergies.
READ MORERepresentatives of Azerbaijan's SOCAR and the Republic of Congo have met to discuss co-operation in the field of oil and gas.
READ MOREThe Republic of Congo and partner Eni are celebrating the country's inaugural shipment of LNG.
READ MORETotal has commenced production from the Moho Nord project offshore Republic of Congo, the French major announced on Wednesday.
The deepwater venture 75 kilometres…
READ MOREA consortium of SBM Offshore and Japan’s JGC is likely to be selected as the preferred contractor for NewAge’s Marine 12 FLNG project offshore Republic of Congo,…
READ MORETOGY talks to Mohamed Tahri, general manager of La Congolaise de Banque. The bank is a subsidiary of the Moroccan BMCE Bank that began operations in the Republic of…
READ MORETotal on Thursday posted a 22% increase in full-year income to USD 6.2 billion, outperforming many of its super-major rivals.
The French company’s earnings over…
READ MORETOGY talks to Jean-Marc Thystère Tchicaya, minister of hydrocarbons for the Republic of Congo. The ministry is the sole concessionaire of all licences in the Republic…
READ MOREEarlier on Friday, Bollore Logistics announced the successful delivery of a 60,000-tonne floating production unit (FRU) to its implementation site at the Moho Nord…
READ MOREA facility agreement has been signed between Afreximbank and the government of the Republic of Congo that will see the bank provide USD 250 million in pre-financing to…
READ MOREThe official announcement of the beginning of Congo’s 2016 Licence Round was made on October 28, 2015 at Africa Upstream Conference 2015 by the Ministry of…
READ MOREThis 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…
READ MORETOGY talks to Graham N. Hibbin, regional director of Reservoir Development Services for Baker Hughes, about the operations of Baker Hughes in Congo, his company’s…
READ MOREWHOSE PLATFORM IS THIS?
ASK US