Perenco’s Strategy in the Congo to Reach 100,000 Barrels per Day

With a current production of 80,000 barrels per day, Perenco aims to increase this figure to 100,000 through the optimization of the offshore Émeraude field, despite complex geological challenges.

Share:

Oil production in the Congo could reach a new milestone thanks to the ambition displayed by Perenco. Currently producing 80,000 barrels per day (bpd), the company aims to significantly increase output to 100,000 bpd by the end of 2025. This growth is based on a clear strategy: maximizing the potential of the offshore Émeraude field.

A drilling platform dedicated to the Émeraude field

The plan unveiled by Armel Simondin, Perenco’s General Manager, highlights the deployment of a drilling platform fully tailored to this offshore field. This infrastructure will enable a new drilling campaign, enhancing hydrocarbon recovery rates. Perenco estimates Émeraude’s reserves at approximately 5 billion barrels, a strategic resource for both the company and the country.

The challenges posed by the site’s complex geology are significant. However, they also present an opportunity to test advanced techniques necessary to maximize resources from a mature oil field. This technical approach aligns with a long-term vision of optimal resource management.

A strategy extended to other sites

Perenco’s ambition is not limited to Émeraude. Other offshore fields, such as Likouala, are targeted for similar optimization projects. These initiatives aim to extend infrastructure lifespan while increasing production.

In a competitive market, this policy strengthens Perenco’s position in the mature offshore segment. It also illustrates a broader industry trend toward enhancing the performance of existing fields rather than discovering new resources.

A favorable national context

This momentum aligns with Congo’s national objectives. The government aims to double national oil production to 500,000 bpd by 2030, up from approximately 260,000 currently. To achieve this goal, the country relies on private initiatives like those of Perenco, as well as a policy of granting new exploration licenses.

Improved performance in mature fields and the arrival of new investors are expected to jointly strengthen national production. These efforts, supported by partnerships between public and private actors, should also consolidate Congo’s strategic position in the African oil market.

The expansion of the global oil and gas fishing market is accelerating on the back of offshore projects, with annual growth estimated at 5.7% according to The Insight Partners.
The Competition Bureau has required Schlumberger to divest major assets to finalise the acquisition of ChampionX, thereby reducing the risks of market concentration in Canada’s oilfield services sector. —
Saturn Oil & Gas Inc. confirms the acquisition of 1,608,182 common shares for a total amount of USD3.46mn, as part of its public buyback offer in Canada, resulting in a reduction of its free float.
OPEC slightly adjusts its production forecasts for 2025-2026 while projecting stable global demand growth, leaving OPEC+ significant room to increase supply without destabilizing global oil markets.
Talks between European Union member states stall on the adoption of the eighteenth sanctions package targeting Russian oil, due to ongoing disagreements over the proposed price ceiling.
Three new oil fields in Iraqi Kurdistan have been targeted by explosive drones, bringing the number of affected sites in this strategic region to five in one week, according to local authorities.
An explosion at 07:00 at an HKN Energy facility forced ShaMaran Petroleum to shut the Sarsang field while an inquiry determines damage and the impact on regional exports.
The Canadian producer issues USD 237 mn in senior notes at 6.875 % to repay bank debt, repurchase USD 73 mn of 2027 notes and push most of its maturity schedule to 2030.
BP revised upwards its production forecast for the second quarter of 2025, citing stronger-than-expected results from its US shale unit. However, lower oil prices and refinery maintenance shutdowns weighed on overall results.
Belgrade is engaged in complex negotiations with Washington to obtain a fifth extension of sanctions relief for the Serbian oil company NIS, which is majority-owned by Russian groups.
European Union ambassadors are close to reaching an agreement on a new sanctions package aimed at reducing the Russian oil price cap, with measures impacting several energy and financial sectors.
Backbone Infrastructure Nigeria Limited is investing $15bn to develop a 500,000-barrel-per-day oil refinery in Ondo State, a major project aimed at boosting Nigeria’s refining capacity.
The Central Energy Fund’s takeover of the Sapref refinery introduces major financial risks for South Africa, with the facility still offline and no clear restart strategy released so far.
PetroTal Corp. records production growth in the second quarter of 2025, improves its cash position and continues replacing key equipment at its main oil sites in Peru.
An explosion caused by a homemade explosive device in northeastern Colombia has forced Cenit, a subsidiary of Ecopetrol, to temporarily suspend operations on the strategic Caño Limón-Coveñas pipeline, crucial to the country's oil supply.
U.S. legislation eases access to federal lands for oil production, but fluctuations in crude prices may limit concrete impacts on investment and medium-term production, according to industry experts.
Permex Petroleum Corporation has completed a US$2mn fundraising by issuing convertible debentures, aimed at strengthening its cash position, without using intermediaries, and targeting a single institutional investor.
Petróleos de Venezuela S.A. (PDVSA) recorded $17.52bn in export sales in 2024, benefiting from increased volumes due to U.S. licences granted to foreign partners, according to an internal document seen by Reuters.
The detection of zinc in Mars crude extracted off the coast of Louisiana forced the US government to draw on its strategic reserves to support Gulf Coast refineries.
Commissioning of a 1.2-million-ton hydrocracking unit at the TANECO site confirms the industrial expansion of the complex and its ability to diversify refined fuel production.