• Perenco to invest over $200 million in new offshore platform to reach 100,000 bpd
• Eni to build logistics hub to support FLNG operations and boost local manufacturing
• Congo aims for 500,000 barrels oil equivalent per day by 2030 despite production decline

Several oil and gas fields in the Republic of Congo have matured, weighing on national hydrocarbon output. Authorities are working to reverse this trend through increased production in the short-to-medium term.

Multinationals Perenco and Eni are reinforcing their presence in Congo with targeted investments that align with the government’s target of reaching 500,000 barrels of oil equivalent per day (boe/d) by 2030.

Since October 2024, Perenco has been producing 80,000 barrels per day. On June 12, the company committed over $200 million to build the Kombi 2 platform on the Kombi-Likalala-Libondo II (KLL II) offshore permit. It aims to raise production to 100,000 barrels per day.

The new platform, expected to be operational early next year, will support reactivation of existing wells and drilling of new ones. It is designed to enable the extraction of 20 million barrels of crude and the recovery of around 7 million cubic feet of gas per day. This gas will power two offshore turbines connected to a 33kV network for electricity generation.

In parallel, Eni plans to build the Yasika integrated logistics centre to support its floating gas liquefaction units (FLNG), Tango and Nguya. These facilities are expected to produce up to 3 million tons of LNG per year.

Perenco’s total investment is projected at $900 million, covering new drilling, well rehabilitation, and infrastructure development. Eni, meanwhile, is focused on boosting local manufacturing of key equipment in partnership with Congolese firms. "With Yasika, we are constructing a long-lasting industrial tool, incorporating local actors to international standards," the company said.

According to TradingEconomics, Congo’s crude production declined from 270,000 barrels per day in April to 268,000 in May.