Democratic Republic of Congo upstream summary Report

Country Report 26 December 2023

Get this report

$5,400

You can pay by card or invoice

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

Report summary

The Democratic Republic of Congo (DRC) has a small and very mature upstream industry. The country started producing oil in 1975 and peaked at 33,500 b/d in 1985. Output has since fallen to less than 24,000 b/d from 13 fields located both onshore and offshore in the Lower Congo Basin. Perenco operates all DRC production. Onshore, it has maintained output in recent years through infill drilling; however, since the oil price crash in 2020, investment has been low, and production is in terminal ...

Executive summary
Key facts
Location maps
Key companies
- Producing companies
- Acreage holders
Geology
- Introduction
- Lower Congo Basin
- East Africa Rift system
  - The Albert-Edward Rift
- Zaire Basin
  - Petroleum System
Exploration
- Licensing
- Drilling
  - Drilling activity
  - Onshore Lower Congo Basin
  - Albert-Edward Rift Basin
  - Offshore Lower Congo Basin
Reserves and resources
Production
- Oil
Infrastructure
- Oil infrastructure
Costs
- Capital costs
  - Capital expenditure by location
- Operating costs
  - Operating expenditure by location
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
  - Super Profit Oil
  - Liquids Pricing
  - Natural Gas Pricing
  - PSC cost recovery
  - PSC profit sharing
  - Corporate Income Tax
  - Fiscal/Contractual Consolidation
  - Dividend Withholding Tax

Tables and charts

This report includes 18 images and tables including:

Key facts: Table 1
Country Map
Reserves and resources: Table 1

Reserves and resources: Table 2
Major Tectonic Phases, Stratigraphic Events and Depositional Stratigraphy of Congo/Angola
Democratic Republic of Congo Acreage Map
Production: Table 1
Production: Table 2
Liquids Production by Region
Exploration Drilling by Region
Drilling Activity by Well Type
Costs: Table 1
Costs: Table 2
Capital Expenditure by Region (US$ Million)
Costs: Table 3
Costs: Table 4
Operating Expenditure by Region (US$ Million)
Fiscal terms: Table 1