Wednesday, 29 May 2013

Congo Oil and Gas Report Q3 2013

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Congo Oil and Gas Report Q3 2013
May 29th 2013, 00:00

BMI View: With production in steady decline and few major projects expected to come onstream over thenext few years, the Republic of Congo (RoC)''s upstream oil outlook does not inspire much confidence.However, Eni''s vast oil sands project in the country''s south could offer some long-term opportunities. If thisproject is realised, this would be the first of its kind on the continent.The main trends and developments for the RoC''s oil and gas sector are:? BMI expects oil production to decline steadily due to most of the production coming from mature fieldsand the lack of new projects coming onstream. We see liquids production falling from an estimated292,000 bar...

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