popular articles

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.

Please 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.

Register free of charge for uninterrupted access.

Publicite

Recently published in

After several years of negotiations, Uganda officially signs an agreement to establish the Hoima oil refinery, a central project in the country's energy strategy aimed at reducing dependency on fuel imports.
The Nigerian national oil company, NNPC, is finalizing the last steps toward its highly anticipated stock market listing, mobilizing investors and financial institutions for what promises to be a pivotal moment in Africa’s energy market.
The Nigerian national oil company, NNPC, is finalizing the last steps toward its highly anticipated stock market listing, mobilizing investors and financial institutions for what promises to be a pivotal moment in Africa’s energy market.
Repsol’s Chief Executive said the company is exploring options with US authorities to remain active in Venezuela following Washington’s decision to end sanctions waivers.
Repsol’s Chief Executive said the company is exploring options with US authorities to remain active in Venezuela following Washington’s decision to end sanctions waivers.
CNOOC Limited has announced the discovery of the Huizhou 19-6 oilfield in the eastern South China Sea, with proven reserves exceeding 100 million tonnes of oil equivalent.
CNOOC Limited has announced the discovery of the Huizhou 19-6 oilfield in the eastern South China Sea, with proven reserves exceeding 100 million tonnes of oil equivalent.
PetroChina posts record net profit in 2024, driven by rising oil and gas volumes and expanded refining and distribution operations.
EACOP has confirmed the closure of an initial tranche of external financing for its 1,443 km pipeline, as several NGOs urge participating banks to withdraw from the project.
EACOP has confirmed the closure of an initial tranche of external financing for its 1,443 km pipeline, as several NGOs urge participating banks to withdraw from the project.
Chinese oil group CNOOC Limited reported higher net profit for 2024, driven by growing reserves, record production and strict cost discipline.
Chinese oil group CNOOC Limited reported higher net profit for 2024, driven by growing reserves, record production and strict cost discipline.
The US Energy Information Administration reported an unexpected decline in crude oil inventories, reversing analysts' forecasts of an increase, with immediate effects on crude prices.
The US Energy Information Administration reported an unexpected decline in crude oil inventories, reversing analysts' forecasts of an increase, with immediate effects on crude prices.
Cut off from Iranian energy imports by Washington, Iraq accelerates commercial efforts in Africa while resuming oil exports through Turkey to quickly secure new economic and energy markets.
Drydocks World has secured a contract to extend the operational life of the Baobab MV10 offshore platform in Côte d’Ivoire by 15 years through refurbishment and upgrade works.
Drydocks World has secured a contract to extend the operational life of the Baobab MV10 offshore platform in Côte d’Ivoire by 15 years through refurbishment and upgrade works.
Amid trade tensions with the United States, Canadian Prime Minister Mark Carney is reviving pipeline projects toward the Arctic to directly access European and Asian markets, diversifying Canada's oil exports.
Amid trade tensions with the United States, Canadian Prime Minister Mark Carney is reviving pipeline projects toward the Arctic to directly access European and Asian markets, diversifying Canada's oil exports.
According to Offshore Energies UK, Britain's oil and gas potential in the North Sea is limited by a tax regime that hinders investments needed to boost national production, increasing dependency on imports.
According to Offshore Energies UK, Britain's oil and gas potential in the North Sea is limited by a tax regime that hinders investments needed to boost national production, increasing dependency on imports.
US authorities have extended Chevron’s temporary licence to operate in Venezuela until 27 May, despite Donald Trump’s warnings of tariffs on imports from countries trading with Caracas.
Senator Yannick Jadot appears in court in Paris for defamation after accusing TotalEnergies of being “an accomplice to war crimes” due to its presence in Russia in 2022.
Senator Yannick Jadot appears in court in Paris for defamation after accusing TotalEnergies of being “an accomplice to war crimes” due to its presence in Russia in 2022.
Shell Brasil approves the offshore Gato do Mato project development, targeting production of 120,000 barrels per day by 2029, further consolidating its position as Brazil’s leading foreign oil producer.
Shell Brasil approves the offshore Gato do Mato project development, targeting production of 120,000 barrels per day by 2029, further consolidating its position as Brazil’s leading foreign oil producer.
The Equatoguinean government has announced an immediate increase in fuel prices, citing outdated tariffs and budget constraints driven by a prolonged decline in oil exports.
The Equatoguinean government has announced an immediate increase in fuel prices, citing outdated tariffs and budget constraints driven by a prolonged decline in oil exports.
The South African government is intensifying efforts to exploit its vast oil and gas reserves to stimulate national economic growth and boost public revenue.
A North Dakota jury ordered Greenpeace to pay more than $665 million to Energy Transfer, triggering international reactions denouncing an attack on freedom of expression.
A North Dakota jury ordered Greenpeace to pay more than $665 million to Energy Transfer, triggering international reactions denouncing an attack on freedom of expression.
Ecuador has detected a new oil spill in a pipeline located in the Amazonian province of Napo, near its main hydroelectric plant, raising concerns over the country’s energy supply.
Ecuador has detected a new oil spill in a pipeline located in the Amazonian province of Napo, near its main hydroelectric plant, raising concerns over the country’s energy supply.
Iraq and the United Arab Emirates have submitted compensation plans to OPEC+ to offset their production surplus in February, amid falling crude prices and the gradual reduction of cuts planned for April.
Iraq and the United Arab Emirates have submitted compensation plans to OPEC+ to offset their production surplus in February, amid falling crude prices and the gradual reduction of cuts planned for April.
A fire damaged the Trans Niger Delta Pipeline in Nigeria, the country's main pipeline. The incident was swiftly controlled, although details of material and environmental damage remain unclear.
Eni has entered into an agreement to sell stakes in assets in Côte d'Ivoire and the Republic of Congo to Vitol for $1.65 billion, as part of its portfolio rebalancing strategy.
Eni has entered into an agreement to sell stakes in assets in Côte d'Ivoire and the Republic of Congo to Vitol for $1.65 billion, as part of its portfolio rebalancing strategy.
The hydrocarbon spill on a pipeline in Ecuador has led Petroecuador to reduce its oil exports, affecting the local water supply and biodiversity.
The hydrocarbon spill on a pipeline in Ecuador has led Petroecuador to reduce its oil exports, affecting the local water supply and biodiversity.
Wood Mackenzie forecasts a $7 drop in Brent oil prices in 2025, with an average estimate of $73 per barrel, driven by OPEC+ production strategies and US tariff policies.
Wood Mackenzie forecasts a $7 drop in Brent oil prices in 2025, with an average estimate of $73 per barrel, driven by OPEC+ production strategies and US tariff policies.

Advertising