Congo, Republic of Crude Oil: Production was reported at 261.604 Barrel/Day th in Dec 2022 This records a decrease from the previous number of 266.646 Barrel/Day th for Dec 2021 Congo, Republic of Crude Oil: Production data is updated yearly, averaging 157.000 Barrel/Day th from Dec 1960 to 2022, with 63 observations
When did Congo become a major oil producer?
In the late 1970s, Congo emerged as a significant oil producer, with production expanding considerably during the 1990s. By the turn of the century, production began to decline as existing oil fields reached maturity.
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.
Which oil companies operate in Congo?
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.