Oyo discovery enhances potential for onshore oil in the Republic of Congo

摘要

AN ONSHORE DISCOVERY made in the Delta de la Cuvette deposit in the Republic of Congo was announced on 10 August by SARPD Oil and PEPA,a Congolese consortium working as operators on the block.Early projections indicate that the discovered deposits could produce up to 359 million barrels of oil,or 983,000 bopd,from Congo's central province.This could quadruple Congo's production,which stands at more than 330,000 bopd according to OPEC figures.Production has been steadily increasing in recent years,with a target set by the government of reaching 400,000 bopd by 2020.At present,Congo has a robust offshore oil sector so the latest discovery could herald the start of significant diversification into onshore.