Loango is a producing conventional oil field located in shallow water in Congo Republic and is operated by Eni Congo. The field is located in block Madingo and Loango, with water depth of 297 feet.
Field participation details
The field is owned by TotalEnergies, Eni, Societe Nationale des Petroles du Congo and QatarEnergy.
Production from Loango
The Loango conventional oil field recovered 77.21% of its total recoverable reserves, with peak production in 1998. The peak production was approximately 29.69 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2053. The field currently accounts for approximately 2% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 74.23 Mmboe, comprised of 74.23 Mmbbl of crude oil & condensate. Loango conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil fields globally.
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.