Chevron is the only U.S. operator in Congo, and Baker Hughes, Frank’s International, Halliburton, and Weatherford are active in the oil services sector. Total market size = (total local production + imports) – exports Oil services remain important in both the development of new fields and the maintenance and support of older fields.
How much oil does the Congo have?
As of 2021, the Congo has 1,811 million barrels of proven crude oil reserves. Their crude oil production is measured at 267 thousand barrels per day. The accompanying downstream oil industry is an important element in the country’s economy.
What happened to oil production in Congo?
By the turn of the century, production began to decline as existing oil fields reached maturity. As of 2008, oil production has increased every year as a result of several new projects, mainly Congo’s first deep-water field Moho-Bilondo. The Congo is the sixth largest oil producer in sub-Saharan Africa.
Who is Congo equipment?
Congo Equipment is the official CAT dealer for the mining region of Congo. Activities cover mining equipment and parts sales, mining equipment maintenance contracts, components rebuild and equipment rental. The company has over 850 employees and contractors in two regional offices and four site workshops in Congo.