The New Petroleum Code - Expanding Congo's Oil industry
Congo’s new hydrocarbons code offers a favourable framework for all stakeholders and is aimed at consolidating petroleum production, encouraging continued exploration and production and promotion of local content. During this session, key players will outline the following:
Bid rounds and Opportunities
The Republic of Congo has placed eight blocks of deep and deep offshore of the coastal basin and five onshore blocks in the Congolese Basin on the international market. A totally transparent tender was launched and results are expected in May 2017.
The implementation of new blocks in the shallow offshore and onshore areas of the coastal basin will be launched in 2018. This new program will focus on pre-salt.
Major Activities, Updates and Future Expansion Plans
During this session, oil companies currently in the Republic of Congo will provide an update on their current activities, future expansion plans and local content strategies.
Mature Fields and Opportunities to Integrate New Contract Groups
Production is approximately 232,000 barrels per day via 14 mature fields located onshore and offshore in the Congo Sedimentary Basin. During this session, stakeholders will discuss the contribution of mature fields and Farm-in opportunities
Establishing a Solid Gas Industry
The Republic of Congo has reduced the percentage of associated gas flared 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. Congo is valorising its gas through projects such as: power plants, gas to industry, gas to petrochemicals, and gas exports. During this session, panellists will consider strategies and project pipelines that will allow the country to diversify from oil and develop a viable gas industry.
The Development of Oil and Gas Technology
The technology is evolving rapidly in the oil and gas fields as well as in hydrocarbon processing. During this session, service providers and operating companies will discuss their technology and innovative products that advance the hydrocarbon industry.
Infrastructure Development and Aligned Opportunities
Developing and monetizing oil and gas resources requires efficient and well-maintained infrastructure, including access to electricity, transit corridors, storage facilities, etc. The development of these infrastructures also leads to investment opportunities.
Developing downstream activities such as petroleum refineries, petroleum products distribution, outlets and other natural gas distribution companies, can increase hydrocarbon revenues for the benefit of private and public players.
Financing Hydrocarbon Development in the Republic of Congo
Financial investment and long-term commitment are vital to the development of the hydrocarbon sector. Given the current volatility of oil prices, donors will increasingly invest in areas that offer greater transparency and attractiveness. Industry experts will discuss financing opportunities in the region, the impact of the new oil code due to its attractiveness and flexibility.
Creating Wealth Locally across the Energy Value Chain
The new oil code makes the creation of jobs and wealth for the Congolese population a priority. This includes the employment and training of Congolese workers, the transfer of skills and accountability, and the promotion and use of local SMEs and SMIs.
Environmental and Social Impact Management for the Petroleum Industry
Any country with oil and gas resources faces social conflicts and environmental impacts. What strategies have been put in place by the government and how can the public and private sectors work together?
CHALLENGES IN ORGANISING AND REGULATING A DISTRIBUTION NETWORK IN THE DOWNSTREAM SECTOR
RELATIONS WITH THE COMMUNITIES- PROJECT MANAGEMENT AND ARBITRATION
ADEQUACY OF SKILLS AND HR AVAILABILITY IN THE CONGO-GOLFIAN PETROLEUM INDUSTRY