Congo 2017 research trip key takeaways

Wood Mackenzie travelled to Brazzaville and Pointe Noire on research between 28 August and 01 September 2017. We met with the key players of Congo s oil and gas industry including Majors independents local E&P companies and the service sector; as well as the national oil company SNPC. We discussed the following topics. Production outlook: Can the recent output hike be sustained? Gas monetisation: Will the offtaking opportunities materialise? Investment: What is in the pipeline after Moho Nord? Licensing round: Does the Deepwater remain attractive in a US$50/bbl environment? Exploration: Will new discoveries keep pace with produced volumes? SNPC: Can the national oil company become a fully fledged operator?