View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
May 4, 2022

Concession 177 Conventional Oil Field, Democratic Republic of the Congo

By Carmen

Concession 177 is a producing conventional oil field located in shallow water in Democratic Republic of the Congo and is operated by Muanda International Oil. The field is located in block Concession 177, with water depth of 2,191 feet.

Field participation details

The field is owned by Perenco Holdings.


Production from Concession 177

The Concession 177 conventional oil field recovered 98.97% of its total recoverable reserves, with peak production in 1984. The peak production was approximately 27.02 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2025. The field currently accounts for approximately 40% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 3.02 Mmboe, comprised of 2.14 Mmbbl of crude oil & condensate and 5.3 bcf of natural gas reserves.


About Muanda International Oil

Muanda International Oil Co, holds 50% interest and operates Democratic Republic of Congo’s 390-square-mile offshore concession from which a total of approximately 19,000 barrels of oil per day is produced from seven fields.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU