The Oil & Gas Year Republic of Congo 2016
While 2015 saw many of the Republic of Congo’s oil and gas developments slow, elections and a new licensing round in 2016 promised to revive activity in the market. In spite of low oil prices, the oil and gas industry witnessed several milestones in 2015. Key among them were Eni’s start-up of the Litchendjili gasfield, which ramped up feedstock supply to the Central Electrique du Congo power plant, along with the Italian super-major’s Nkala gas discovery and launch of Nene Marine production. The year’s activity was capped by Total’s start-up of the first phase of production at the country’s biggest oilfield development, Moho Nord. The Oil & Gas Year Republic of Congo 2016 features interviews with central players in the Congolese market, from upstream executives to government ministers. Among them are Minister of Hydrocarbons Jean-Marc Thystère Tchicaya, Soco EPC regional director Serge Lescaut, New Age country representative Jean-Paul Bidiet, Sonarep managing director Cyriaque Etroubeka and Vantage Drilling country manager John Keeton. Key industry figures participated in a strategic roundtable to discuss issues from revisions to the country’s Hydrocarbons Code, prospects in the 2016 Licensing Round and the increasing importance of natural gas in the market’s energy profile. Participating in the discussion were SNPC managing director Jérôme Koko, Eni Congo’s Lorenzo Fiorillo, Total E&P Congo’s Pierre Jessua and Perenco’s Olivier Stocchi. As onshore and deepwater blocks open for investment in 2016, The Oil & Gas Year Republic of Congo 2016 offers indispensable insights into the challenges and benefits of investing in Africa’s third-largest oil producer.