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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.

The Oil & Gas Year Republic of Congo 2017, which is being produced in partnership with the Ministry of Hydrocarbons, will explore these issues. For a comprehensive view of Congo’s market, see our business intelligence platform TOGYiN. TOGYiN features over sixty profiles on companies and institutions active in Congo’s oil and gas industry, and provides access to all our coverage and content, including our interviews with key players and industry leaders. TOGYiN currently covers thirty markets worldwide.

Congo-Brazzaville Hydrocarbons Blocks Map

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Congo-Brazzaville Hydrocarbons Blocks

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More pay encountered in Congo well

More pay encountered in Congo well

December 27, 2018

Anglo African Oil & Gas has discovered additional hydrocarbons in well TLP-103C offshore the Republic of Congo, the company…

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Mediterranean Offshore Conference (MOC) NEWS
SBM-JGC rumoured to win FLNG contract
February 24, 2017

A 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,…

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February 21, 2017

TOGY 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…

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February 08, 2017

TOGY 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…

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FPU delivered to Moho Nord
January 20, 2017

Earlier 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…

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January 09, 2017

The 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…

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December 14, 2016

TOGY 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…

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