Congo Brazzaville Oil and Gas Report - Business Monitor International - Industry Reports

Congo Brazzaville Oil and Gas Report

Congo Brazzaville Oil and Gas Report - Business Monitor International - Industry Reports
Congo Brazzaville Oil and Gas Report
Published Aug 20, 2016
77 pages — Published Aug 20, 2016
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Eni on Marine XII Block: Following the earlier Litchjendilj field discovery, Eni announced early ---- an important new discovery in the Marine XII Block pre-salt play. The discovery, just -- kilometres off the Congolese coast, is in less than -- metres of water depth and encounters significant wet gas and light oil. ...In November ----, Eni encountered a gas and condensate buildup in its Nkala Marine exploration prospect that could hold -------mn boe. In total, Eni estimates it has discovered about -.--bn bbl of oil equivalent resources in Marine XII Block, in which about -.-bn bbl are attributable to the Nene Marine field. Eni is continuing exploration and appraisal works on the Marine XII block. ...Based on preliminary data, the well encountered --m of gross interval of crude oil (--.-m net) and ---m of gross interval (--.-m net) of natural gas in the N- interval, in addition to --m of gross interval (-.-m net) of

...Congo-Brazzaville is among the top five oil producers in Sub-Saharan Africa, with oil reserves of some -.-bn barrels (bbl) of oil as of ----. A vast majority of proven oil reserves, exploration and production are conducted offshore. ...These discoveries have seen us revise our ----/---- reserves forecasts as companies appraise fields and book reserves. Nevertheless, given the ramp-up in production over the forecast period and the depletion of the country s major producing fields, the recent discoveries remain insufficient to offset produced reserves. We expect oil reserves will fall from some -.-bn bbl of oil as of ---- to under -.-bn bbl by the end of our forecast period in ----. We note significant upside risk should current exploration activities yield significant discoveries. Gas reserves on the other hand will remain relatively stable at around -----bcm, given the small amount of produced reserves.

...Originally planned for ----, the Congolese government has now opened up applications for its ---- licensing round, comprising -- blocks both offshore and onshore. The closing date for submission offers is the September --. ...

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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Business Monitor International - Industry Reports. "Congo Brazzaville Oil and Gas Report" Aug 20, 2016. Alacra Store. May 22, 2018. <>
Business Monitor International - Industry Reports. (2016). Congo Brazzaville Oil and Gas Report Aug 20, 2016. New York, NY: Alacra Store. Retrieved May 22, 2018 from <>
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