Speaking in an exclusive interview with Energy Capital & Power during the Congo Energy & Investment Forum in March, Luchin explained that the firm seeks to acquire an equity position in select tier 1 producing assets. The strategy is set to contribute to Congo’s goal of increasing oil production to 500,000 barrels per day (bpd) by 2027.

How is Unite Oil & Gas contributing to Congo’s target to increase production to 500,000 bpd?

We are contributing to the sector in three key ways: through our consulting division, our services department and our development and production arm. As a technical partner to the SNPC [Société Nationale des Pétroles du Congo], our consulting team works directly with them to support exploration at the Nanga and Le Mayombe [fields], as well as the Nkonkola field, which is already producing but requires further efforts to revitalize and enhance output. The SNPC project that we are currently engaged in has the potential to contribute between 50,000 and 125,000 bpd at peak production. Our services department is focused on delivering engineering, procurement and construction services for pipelines, facilities and the revitalization of key wells in alignment with broader growth objectives. We established Bomoko Oil to develop and produce oil right here in Congo.

How is Unite Oil & Gas attracting funding to support Congolese operations?

It is all about risk mitigation. We are helping these Congolese projects to become more attractive to the investor community. By doing so, we will also be able to draw global investor interest in the projects that we are developing ourselves.

What does your expansion strategy look like across the African market and what was your key message during CEIF?

We are grateful to Maixent Raoul Ominga, Managing Director of the SNPC, for giving us the opportunity to begin doing business in Congo. Our ambitions extend beyond national borders. We are actively looking to expand our operations into Equatorial Guinea, Angola and other African countries, with a clear and aggressive growth strategy.

While the goal of reaching 500,000 bpd is commendable, it must go hand-in-hand with profitability. True value creation lies in ensuring that the benefits of this growth are transferred to the Congolese people. Achieving this requires a holistic view of the entire value chain - from exploration to production. To maximize impact, we must focus on optimizing capital expenditure, reducing operational costs and attracting strategic partners from around the world who can bring specialized expertise and innovation to the table.

Watch the full video here, https://www.youtube.com/watch?v=hNipkriYHZ4&t=7s