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. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Concession 177, with water depth of 2,191 feet. Buy the profile here.
Field participation details
The field is owned by Perenco Holdings.
Production from Concession 177
The Concession 177 conventional oil field recovered 99.54% 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 2026. The field currently accounts for approximately 28% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 1.35 Mmboe, comprised of 1.35 Mmbbl of crude oil & condensate.
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.
For more details on the Concession 177 Conventional Oil Field, buy the profile here.