Congo offshore block to keep producing till 2043

Congo block to keep producing till November 2043

Perenco, Chevron, and Inpex will keep their jointly owned offshore block in the Democratic Republic of the Congo until November 2043.

The companies have reached a deal with the country’s government to extend the duration of the concession agreement for the Offshore D.R. Congo Block for a period of 20 years from November 21, 2023.

News of the extension was shared on Wednesday by Inpex which is engaged in the development and production of oil from the Block through its subsidiary, Teikoku Oil (D.R.Congo) Co, Ltd.

Perenco operates the block through its subsidiary MIOC with a 50 percent stake. Inpex owns 32.28 percent, with Chevron holding the remaining 17.72 percent.

The producing oil fields of the block are located off the western coast of the Democratic Republic of the Congo, where the water’s depth is approximately 4~20 meters.

Since production began in 1975, the Block has maintained a stable output for over 40 years. As of September 2017, the average production rate amounted to a cumulative total of approximately 11,000 barrels of crude oil per day from ten oil fields, Inpex said.

 

 

Share this article

Follow Offshore Energy Today

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply