As one of Africa’s leading oil producers and an emerging global gas player, the Republic of Congo offers a wealth of opportunities for companies active across the entire hydrocarbon value chain. The Central African nation is not only one of the most historic and proven oil plays on the continent, but also one that continues to show untapped potential – both in the oil sector and across various industries.
A globally-recognized producer
As sub-Saharan Africa’s third-largest oil producer, the Republic of Congo is a key player in both the regional and international hydrocarbon sector. The Republic of Congo’s strategic position in the global oil market is further reinforced by its role as the current headquarters of the African Petroleum Producers Organization and its previous presidency of the Organization of Petroleum Exporting Countries in 2022.
A stable regulatory environment
As a stable and established hydrocarbon market, the Republic of Congo offers proven returns, existing production infrastructure and an enabling environment for foreign investors. The country’s commitment to attracting sustained foreign investment through its upcoming Gas Master Plan, regular engagement with IOCs and strong fiscal terms further underscores the attractiveness of the market.
Strong IOC support
The country’s energy sector is supported by major international investments, particularly by TotalEnergies, which plans to invest up to $600 million by the end of 2024. The Republic of Congo also boasts significant advancements in natural gas, with the successful export of its first LNG cargo from the Eni-operated Tango FLNG facility in 2024 and ambitious plans to produce 3 million tons per annum (MTPA) of LNG at the Marine XII concession by 2025. The entrance of companies such as Trident Energy and asset expansion of firms such as Perenco affirm the global support for Congolese energy development.
A gateway to central Africa
Ongoing developments in refining capacity and the country’s upcoming Gas Master Plan position the Republic of Congo as a key player in regional energy security and gas monetization. Investing in the Republic of Congo provides more than just access to a dynamic and proven energy market; it serves as a strategic entry point to untapped investment opportunities across Central Africa. As domestic oil and gas developments accelerate, ROC is not only solidifying its status as a regional hydrocarbon hotspot, but also offering investors a unique platform to expand their reach into the broader Central African energy landscape.
An established market, new opportunities
Investors are poised to capitalize on the Republic of Congo’s burgeoning energy sector, as the country prepares to establish a national gas company in Q4 2024. This strategic move is expected to attract new investments, consolidating existing exploration and production (E&P) companies and creating a more attractive environment for fresh capital and expertise. A New Gas Master Plan, set to be implemented alongside the national gas company, will play a crucial role in driving growth, while the introduction of a New Gas Code will unlock opportunities for the commercialization of stranded assets and flared gas. With these developments, Congo is positioning itself as an exciting investment destination, offering a compelling blend of untapped potential, improving infrastructure and supportive policy frameworks.
10 TCF
PROVEN GAS RESERVES
1.8 BILLION
PROVEN OIL RESERVES
250,000 BPD
DAILY OIL PRODUCTION
500,000 BPD
2025 OIL PRODUCTION TARGET
21,000 BPD
REFINING CAPACITY
425 MILLION M³
MARKETED PRODUCTION OF NATURAL GAS
$10.6 BILLION
VALUE OF EXPORTS
$6.8 BILLION
VALUE OF CRUDE OIL EXPORTS
Major oil and gas developments
Congo LNG
Type: LNG Development
Operator: Eni
The Congo LNG development features the deployment of two FLNG vessels within the Marine XII permit. The first LNG cargo was exported in 2024, with the second FLNG vessel expected to be operational by 2025. The project has a target capacity of 3 MTPA.
Banga Kayo
Type: Integrated LNG Development
Operator: Wing Wah
Wing Wah is implementing a phased expansion and development of the Bango Kayo conventional oilfield to monetize previously flared gas at the producing block. The project targets a total production of 30 billion cubic meters of gas.
Operator: Wing Wah
Wing Wah is implementing a phased expansion and development of the Bango Kayo conventional oilfield to monetize previously flared gas at the producing block. The project targets a total production of 30 billion cubic meters of gas.
Atlantic Petrochemical Refinery
Type: Refining Development
Operator: Integrated LNG Development
Beijing Fortune Dingsheng Investment
The Atlantic Petrochemical Refinery is a multiphase refining complex with a capacity to produce 2.5 MTPA of gasoline, LPG, Diesel, Lubricants and kerosene. The project was launched in 2021.
Operator: Integrated LNG Development
Beijing Fortune Dingsheng Investment
The Atlantic Petrochemical Refinery is a multiphase refining complex with a capacity to produce 2.5 MTPA of gasoline, LPG, Diesel, Lubricants and kerosene. The project was launched in 2021.
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The Congo Energy & Investment Forum connects you with key stakeholders to unlock opportunities in Central Africa's thriving oil and gas sector, as well as opportunities regarding gas monetization, infrastructure development, and power generation.
