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Congo Republic set to become one of Africa’s largest oil producers

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*Congo Brazzaville Hydrocarbons Blocks.

OpeOluwani Akintayo

Lagos — Congo Republic is set to become one of Africa’s top crude oil producer, as a new oil discovery could produce nearly 1 million barrels of oil per day.

Italy’s ENI and France’s Total had raised the country’s output to about 350,000 barrels per day.

The new field holds 1 billion cubic metres of hydrocarbons, including 359 million barrels of oil, with a potential for a daily output of 983,000 barrels, and is being developed by SARPD-OIL in la Cuvette region.

Production could begin in six months, and if discovery ramps up, would be close to Nigeria’s current production of about 1.8 million barrels a day, and Angola’s 1.4 million barrels per day.


Congo Republic set to become one of Africa’s largest oil producers Congo Republic set to become one of Africa’s largest oil producers Reviewed by Crude Oil Brokers on 13:38 Rating: 5

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