Country report
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23 Pages

Democratic Republic of Congo upstream summary


Democratic Republic of Congo upstream summary

Report summary

The Democratic Republic of Congo started producing oil in 1975. Output in 2016 was around 20 kb/d from 13 mature fields located both onshore and offshore in the Lower Congo Basin. Perenco operates all production. Onshore, it has maintained output in recent years through an infill drilling programme. Offshore, Perenco uses well workovers, ESPs and enhanced water injection facilities to stem production decline.Vast areas of the DRC remain unexplored. This is due to the difficulty and cost of ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 792.34 KB 23 Pages, 10 Tables, 10 Figures
  • Country Overview XLS - 324.50 KB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • Lower Congo Basin
      • Tectonic Framework
    • East Africa Rift system
      • The Albert-Edward Rift
    • Zaire Basin
      • Petroleum System
  • Exploration
    • Licensing
      • Historical Licensing
      • Recent Licensing
    • Drilling
      • Drilling activity
      • Onshore Lower Congo Basin
      • Albert-Edward Rift Basin
      • Offshore Lower Congo Basin
  • Reserves and resources
  • Production
    • Oil
      • Onshore
      • Offshore
  • Infrastructure
    • Oil infrastructure
  • Costs
    • Capital costs
      • Capital expenditure by location
      • Capital expenditure by development status
    • Operating costs
      • Operating expenditure by location
      • Operating expenditure by development status
  • Policy and regulation
    • Key legislation
    • Regulatory body
    • State oil company
    • Licensing
  • Fiscal terms
    • Overview
    • Upstream
      • Concession
      • Production Sharing Contract
    • Current fiscal terms
    • Concessions
      • State Equity Participation
      • Carry & Reimbursement
      • Bonuses, Rentals and Fees
      • Other Bonuses and Fees
      • Royalty and Other Production Taxes
      • Royalty
      • Export duty
      • Environmental / CO2 Taxes
      • Other Production Taxes
      • Domestic Market Obligation (DMO)
      • Contractor Revenue Entitlement
      • Product Pricing
      • Corporate (or Petroleum) Income Tax
      • Investment Uplift/Credit
      • Loss Carry Forward
      • Additional Profits Taxes
      • Fiscal/Contractual Ring-Fences
      • Dividend Withholding Tax
      • Other Taxes
    • Production Sharing Contracts (2015 onwards)
      • State equity participation
      • Signature bonuses
      • Production bonuses
      • Area Rentals
      • Training fees
      • Other bonuses & fees
      • Indirect taxes
      • Royalty
      • Export duty
      • Environmental / CO2 taxes
      • Domestic Market Obligation (DMO)
      • Contractor revenue entitlement
      • Liquids Pricing
      • Natural Gas Pricing
      • PSC cost recovery
      • PSC profit sharing
      • Corporate Income Tax
      • Fiscal/Contractual Consolidation
      • Dividend Withholding Tax

In this report there are 20 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
    • Liquids and Gas Production 2017
    • Net Acreage 2017
  • Geology
    • Major Tectonic Phases, Stratigraphic Events and Depositional Stratigraphy of Congo/Angola
  • Exploration
    • Acreage Map
    • Exploration Drilling by Region
    • Drilling Activity by Well Type
  • Reserves and resources
    • Reserves and resources: Table 1
    • Reserves and resources: Table 2
  • Production
    • Production: Table 1
    • Production: Table 2
    • Liquids Production by Region
  • Infrastructure
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Capital Expenditure by Region (US$ Million)
    • Costs: Table 3
    • Costs: Table 4
    • Operating Expenditure by Region (US$ Million)
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
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