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19 Feb 2025

CEIF 2025 to Showcase Efforts by Congo to Revitalize O&G Sector

CEIF 2025 to Showcase Efforts by Congo to Revitalize O&G Sector

Société Nationale des Pétroles du Congo (SNPC), the national oil company of the Republic of Congo, recently launched a bond issuance to raise $158 million to support its business and growth strategy in the country. Funding raised from the program will strengthen SNPC’s drilling operations and help increase the country’s oil production to 500,000 barrels per day (bpd) by 2027.

In light of the push to revitalize investment in the hydrocarbon sector, the upcoming Congo Energy & Investment Forum (CEIF) 2025 – Congo’s premier gathering for the energy sector – will feature a dialogue between existing and new potential investors in Congo. During the session, titled Revitalizing Congo’s Hydrocarbons Sector by Unlocking Investment, speakers will highlight lucrative prospects within Congo’s energy value chain and how the country is mobilizing capital to drive the growth of its hydrocarbons industry.

The inaugural Congo Energy & Investment Forum, set for March 24-26, 2025, in Brazzaville, under the patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the country.

The Republic of Congo is implementing a series of strategic projects and policy reforms to make its hydrocarbon sector more attractive to investors. The Ministry of Hydrocarbons is set to launch a licensing round at CEIF 2025, presenting lucrative opportunities across the country’s largely untapped onshore and offshore basins. In addition, Congo will introduce its new Gas Master Plan - an extensive framework of measures, projects and incentives designed to unlock the full potential of the country’s gas resources. The upcoming Gas Code will also drive energy infrastructure development, boost revenue generation, and ensure high returns for global investors. These initiatives collectively aim to enhance Congo’s investment appeal and accelerate growth in the hydrocarbon industry.

Ahead of these upcoming initiatives, Congo has already solidified its position as a key investment destination through the launch of several large-scale energy projects and partnerships with global stakeholders. China Oil Natural Gas Overseas Holding Ltd. has announced a three-year, $150 million investment strategy to enhance oil production in the Conkouati-Koui and Nanga III fields, with plans to drill four wells. Meanwhile, in May 2024, TotalEnergies committed $600 million to expand production at the Moho Nord offshore field, aiming to increase reserves and boost output by 40,000 barrels per day (bpd), bringing Congo’s total oil production to approximately 267,000 bpd.

Congo has also emerged as a key focus for energy major Eni, which recently launched the hull of the Nguya FLNG vessel - a crucial component of Phase 2 of the Congo LNG project. Currently under construction at the Wison shipyard in China, the vessel will increase the country’s total liquefaction capacity to 3 million tons per annum. Additionally, Houston-based Unite Oil & Gas International and Congolese firm ARIES Energies have joined forces to establish Bomoko Oil & Gas, a new venture focused on the sustainable development of Congo’s hydrocarbon assets.

Amidst these developments, CEIF 2025 represents the ideal platform for global investors to access growing prospects within Congo’s oil and gas value chain.

“Unlocking investment in Congo’s hydrocarbons sector is crucial for driving sustainable economic growth and enhancing the country’s energy infrastructure. By fostering favorable policies and encouraging both public and private sector collaboration, we can unlock significant opportunities for production growth, job creation and regional energy stability. CEIF 2025 provides a unique platform to facilitate dialogue, attract investment and support the ambitious goals of expanding oil and gas exploration and production in the years to come,” states Energy Capital & Power Events and Project Director Sandra Jeque.

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