Congo: Ammat Global Resources Targets 70% Production Increase
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As a recent entrant to the Congolese upstream sector, Ammat Global Resources is rapidly advancing its development plans to support national production targets and long-term energy growth. Energy Capital & Power spoke with Managing Director Massimiliano Mignacca about the company’s expansion strategy and current operations in the Republic of Congo at the Congo Energy & Investment Forum (CEIF) in Brazzaville last month.
What are Ammat Global Resources’ strategic objectives and how does CEIF support these goals?
CEIF is an excellent opportunity to present our strategy for exploration and production in the country. As a newly established player – having launched our operations in July 2023 – we are currently managing two major fields: Zatchi and Loango. We shared our development program, which aligns closely with the Minister’s vision to boost national production to 500,000 barrels per day. Our approach begins with revitalizing existing assets by enhancing platforms integrity and operational efficiency. Following this, we will launch a targeted drilling campaign designed to increase output by approximately 70% over the next five years. This strategy not only supports national production goals, but also fully embraces key priorities such as local content development and long-term value creation.
How does your role in Congo’s gas industry align with the country’s upcoming Gas Master Plan?
With the team of the Ministry of Hydrocarbons and Valorization of Gas, we are working on projects aimed at adding local value to our gas production. Currently, the Loango field produces some acid gas, and we are also utilizing gas from the Marine 12 block to help supply the local market.
How do you plan to scale activities across Congo’s oil and gas value chain?
We plan to implement the same proven strategy that has guided our success in the downstream sector for over 60 years. By bringing our established management model to this market, we are confident in our ability to succeed, while delivering meaningful value to the people of this country.