News listings

energy-pedia development and production

Congo (Brazzaville) flagCongo (Brazzaville)

Middle East / Africa >>> Congo (Brazzaville)

Congo Brazzaville: PetroNor E&P reports record oil sale and Q4 2024 production update


09 Jan 2025

Photo - see caption

PetroNor E&P has provided an update on the Congo operations related to the PNGF Sud field complex.

On 29 December 2024, the company completed the lifting and sale of an additional 881,192 bbls of oil at a realised price of USD 72.817 per barrel. Approximately USD 64 million will be paid to the company shortly after the end of January. This is the largest single lifting in company history and results in an overlifting position of approximately 450 thousand bbls which will be replenished by continued production through the first half of this year. The aggregated 2024 lifted and sold volumes are 1,795,460 bbls at an average realised price of USD 77.85 per barrel.

Photo - see caption

Fourth quarter average net working interest production was 4,770 bopd*, compared with 4,778 bopd in the third quarter and 5,295 bopd in the same period in 2023. Normal reservoir decline was offset by improving production efficiency achieved during the fourth quarter, which rose to 92 per cent due to reduced infrastructure-related interruptions and a successful well workover campaign. For the full-year period of 2024, average net production was 4,817* bopd at a production efficiency of 86 per cent.

With the generating capacity and gas infrastructure brought online during 2024, the PNGF Sud complex now enjoys an autonomous power and gas supply independent of third parties. The list of wells requiring workovers is declining, and additional infill drilling activities to add production are planned in 2025.

The full account of production (including final allocation) will be presented in the interim report for the fourth quarter of 2024.

*Effective 16.83% net to PetroNor working interest production with preliminary production allocations for November and December.

Original announcement link

Source: PetroNor E&P





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 195

Completed Deals

Completed Upstream Deals: 6640

Company Profiles

Current Company Profiles: 2932

Corporate Activity

Current Corporate Activity articles: 4197

Companies Looking

Current number of articles: 466

Company Sales

Current Company Sales articles:1674

Geostudies

Current Geostudies articles: 1003

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

OPC
Merlin
Rose & Assocs
Borchwix
energy365
Bayphase
Syntillica
Telos NRG
Union Jack Oil 149
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com