Congo
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Updates about global exploration and production activities and developments.
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Work is to be executed offshore Congo, the US Gulf of Mexico, Romania, and Germany.
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The transaction is part of a broader strategy by Eni to reduce its oil portfolio in favor of natural gas.
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Congo LNG, expected to hit capacity in 2025, aims to transform the African country into a natural gas exporter.
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The new facility will hook into Eni's FSRUs and other Marine XII development infrastructure.
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The Marine XII area development could see 3 mtpa of LNG production by 2025.
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Environmental activists and scientists said drilling in the designated areas would inevitably have steep consequences. Several of the proposed oil blocks overlap with peatlands, swampy areas that hold billions of tonnes of carbon.
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Against the background of a low-oil-price environment, a redevelopment project was launched to give a second life to a shallow, depleted, mature offshore Congo oil field with viscous oil (22 °API) in a cost‑effective manner.
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Innovations characterize the deepwater Moho Nord field development, recently brought on stream by Total in the Republic of Congo, and the project creates significant value for the country.
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To increase the production of a heavy-oil reservoir offshore Congo, a study of DHEH applications has been carried out with encouraging results.