The Chinese oil company, Wing Wah, operates the Banga Kayo conventional oil field, which has drilled some 250 wells to date.
The Republic of Congo aims to increase its hydrocarbon production to 500,000 barrels per day (bpd).
The Wing Wah’s $2bn integrated energy project in the central African country is developing “a model that can be replicated in other resource-rich countries in the region,” according to the African Energy Chamber (AEC).
According to the statement released on Monday, the AEC stated that the project is a perfect example of how integration and scalability can be used not only to monetise resources, but also to maximise production beyond the life of the blocks originally reserved.
“As a strong supporter of oil and gas development in Africa, the AEC believes that hydrocarbons are the solution to making energy poverty a reality by 2030,” it added.
Wing Wah operates the Banga Kayo conventional oil field, which has seen some 250 wells drilled to date. It currently produces 45,000 bpd and is approaching its peak production of 80,000 bpd, says the AEC, adding that the project will “progressively increase gas processing and upgrading capacity” to produce LNG, butane and propane, mainly for the domestic market. In addition, “surplus products will be exported to the region.”
“The integrated Wing Wah project in the Republic of Congo is a model that can and should be replicated in other oil and gas producing countries in Africa. The project’s focus on scalability ensures that production is not limited to specific blocks, but that the infrastructure can be easily integrated into new concessions as exploration intensifies in the country,” said NJ Ayuk, Executive Chairman of the AEC.
“With gas-fired power generation, innovative water management and a long-term approach to production, the project will bring a host of benefits to the Republic of Congo,” he said.
ODL/te/lb/GIK/APA
Congo: an oil company presented as model
