Perenco’s strategy in Congo to reach 100,000 barrels per day

Congo’s oil production could cross a new threshold thanks to the ambition displayed by Perenco. Currently at 80,000 barrels per day (b/d), the company is aiming for a significant increase to reach 100,000 b/d by the end of 2025. This progression is based on a clear strategy: maximizing the potential of Emerald offshore field.

A drilling platform dedicated to the Émeraude field

The plan unveiled by Armel Simondin, general manager of Perenco, highlights the deployment of a drilling platform entirely adapted to this offshore field. This infrastructure will allow a new drilling campaign, strengthening the hydrocarbon recovery rate. Perenco’s estimates place Emerald’s reserves at around 5 billion barrels, a strategic windfall for the company and the country.

The challenges posed by the complex geology of the site are considerable. However, they also provide the opportunity to test advanced techniques necessary to best exploit the resources of a mature oil field. This technical approach is part of a long-term vision of optimal management of existing resources.

A strategy extended to other sites

Perenco does not limit its ambition to Émeraude. Other offshore fields, such as Likouala, are targeted to benefit from similar optimization projects. These initiatives aim to extend the lifespan of infrastructure while increasing production.

In a competitive market, this policy strengthens Perenco’s position in the mature offshore segment. It also illustrates a trend in the sector to favor improving the performance of existing fields, rather than discovering new resources.

A favorable national context

This dynamic is part of Congo’s national objectives. The government aims to double national oil production to 500,000 b/d by 2030, compared to around 260,000 currently. To reach this milestone, the country is relying on private initiatives like those of Perenco, as well as a policy of granting new exploration licenses.

The improvement in the performance of mature fields and the arrival of new investors must jointly strengthen national production. These efforts, supported by partnerships between public and private actors, should also consolidate Congo’s strategic position in the African oil market.