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CIEHC-3

Congo’s International Hydrocarbons

Conference & Exhibition - Third Edition

Palais des Congrès, Brazzaville, République du Congo

24 – 26 April 2017

The Ministry of Hydrocarbons, Republic of Congo & AME Trade Ltd, hosted the 3rd Congo International Oil and Gas Conference and Exhibition – Third Edition (CIEHC-3), from the 24 – 26 April 2017.

CIEHC-3 was a turnkey event covering the opportunities and challenges associated with doing business in the Republic of Congo’s hydrocarbons sector. It featured:

  • Three day trade exhibition
  • Two day conference
  • Interactive workshops
  • Congo Oil and Gas Award Gala Dinner

 

CIEHC-3

An established event in the global oil and gas calendar CIEHC-3 featured:

401 attendees, 56 speakers and 50 exhibitors

The main theme of the event is:

The Congolese Petroleum Industry: Challenges and Perspectives

The Opportunities Included

FIND OUT ABOUT THE ABUNDANT OPPORTUNITIES HAPPENING NOW IN CONGO’S HYDROCARBONS INDUSTRY!

The Republic of Congo

A favourable framework – Untapped Resources – A global oil & gas destination

Congo’s oil and gas production on the rise

  • Increase in oil production expected: Oil output expected to rise to 300,000 barrels per day (2018) up from around 250,000 bpd (2016), due to a new deep offshore field due to come on stream in 2017.
  • An African giant: Congo is expected to become sub-Saharan Africa’s third-largest crude producer in 2017.
  • Major projects are coming to fruition: Moho Nord ( 2nd project on Moho Bilondo offshore license), will begin to produce oil in Spring 2017. Moho Nord integrated project is expected to have production capacity of 140,000 bpd. Investment in the project amounted to US$10 billion and included the installation of a floating production unit.

Transparently promoting the future development of Congo’s oil and gas industry

  • The Republic of Congo is currently promoting eight open blocks in the deep and ultra-deep offshore of the Coastal Basin together with five blocks contained in the onshore Congolese Cuvette Basin.
  • A fully transparent bid round has been launched with the results expected in March/ April 2017.
  • The new promotion of open blocks in the shallow offshore ( 5 blocks) and onshore areas of the Coastal Basin ( 4 blocks) will start in 2017. This promotion will consider the pre-salt and post salt plays on the near offshore.

Congo’s new Hydrocarbons Code offers a favourable framework for all stakeholders

  • A code that benefits all parties: The new hydrocarbons code was adopted by Parliament ( August 2016) as well as a model production sharing contract
  • Incentives for investors: oil royalties are being reduced to 12 percent from 15 percent previously and gas royalties have been cut to five percent from 15 percent
  • Creating employment & wealth for the Congolese population:  priority of employment and training to Congolese workers, promotion and utilisation of local services and ensuring that at least 25 per cent of development and production costs are of local origin. National private companies should also now have interests in new oil licenses (15%) and old licenses (25%).

Adding value to Congo’s hydrocarbons production: mature fields and Farm in Opportunities

  • Mature fields whose operating licenses are gradually reaching expiry can offer opportunities to allow new contractor groups to participate.
  • Farm-ins are also possible when operating licenses are reassigned or when companies leave existing contractor groups.e.g. PNGF SUD (Tchibouela, Tchendo, Tchibeli – Litanzi)

Turning gas to clean energy

  • Protecting the environment: The percentage of associated gas flared has been reduced from 60% in 2008 to 16% in 2015. This trend has continued beyond 2015 enabling Congo to meet its commitments to reduce the emission of greenhouse gases under COP21 agreement
  • Valorising Congo’s Gas include projects such as: Power Plants (CEC Expansion, New Plants) Gas To Industry (Potash Projects, Phosphates, CORAF Upgrade) Gas To Petrochemicals (Nagarjuna Urea, Marubeni Methanol, Rodeo mini GTL) Gas Exports (FLNG)

Opportunities in sub-contracting

Specialized oil and gas services are required in the following domains: geophysics and geology, production testing, engineering, construction and provision of facilities and equipment, maintenance, inspection and quality control, etc. Specialized non-petroleum based services linked to the petroleum sector, such as air, maritime and land transport, logistics, supply, forwarding, catering, etc.

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