Perenco has started up four new wells in Congo Brazzaville, on the Boatou permit.
Société Nationale des Pétroles du Congo (SNPC)
Ahmed Ouenes, CEO and founder of Olive Energy, said the company had carried out work with SNPC. The two companies had drilled and produced multiple wells during 2021-22, with flow rates “much higher” than current production.
Perenco has reported drilling success at its PNGF Sud licence, in Congo Brazzaville, potentially opening a new play.
Flames broke out on a walkway yesterday in a dramatic display for Perenco, offshore Congo Brazzaville.
Glencore has reported strong earnings for 2021, although in terms of energy it was largely driven by coal, rather than oil.
Zenith Energy has successfully bid for the Tilapia II licence, as the company closes out its Azerbaijani interests.
Zenith Energy is no longer the operator of the Tilapia licence in Congo Brazzaville, the company has said.
Zenith Energy has extracted better still terms from embattled Anglo African Oil & Gas (AAOG) on the sale of the Tilapia oilfield, in Congo Brazzaville.
Glencore’s core business of marketing held up well in 2019 but the trader took a $2.8 billion impairment charge, driven in part by the loss of its oil exploration licences in Chad.