The Republic of Congo (Congo Brazzaville) is the third largest oil producer in Sub-Sahara, with an output that peaked at around 320,000 bopd in 2010 according to Wood Mackenzie. 95% of the production in Congo is located offshore, approximately half of which is in deep water.
New offshore developments, such as Total’s Moho Nord, have reinvigorated the upstream sector. Though the country reached a new all-time peak output in 2018, more developments will be needed to ease future production decline.
Initially discovered in 1979, PNGF Sud commenced production in 1987 and has produced approximately 22,713 bopd on average in 2020 gross from five oil fields, Tchibouela, Tchibouela East, Tchendo, Tchibeli and Litanzi. Following the entry of the new licence group in 2017 operated by Perenco, significant operational improvements have been made, increasing gross production, and reducing operating costs. There is a potential to increase production to 30,000 bopd, mainly through work-over and infill drilling.
In 2020, PNGF Sud yielded gross 1P reserves of 86.2 MMbbls and gross 2P reserves of 120.2 MMbbls.
Tchendo II, Tchibuoela II, Tchibeli-Litanzi II
Production net to PetroNor E&P:
16.83% (indirect through part of Hemla E&P Congo interest)
SNPC (15%), Perenco (Operator, 40%), Hemla E&P Congo S.A. (20%), Continent Congo S.A. (10%), Africa Oil & Gas Corporation (10%) and Petro Congo (5%).