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Congo-Brazzaville waits on new fields: Congo-Brazzaville's fortunes have been in decline over the past decade with falling oil output and an economy still limping from the impact of a series of civil wars. But several new oilfields which should come on stream later this year are expected to halt the decline.
African Business
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June 1, 2005|
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The government of Congo-Brazzaville is banking on new production from Total's Haute Mer permit this year to reverse the slow decline in national oil output over the past few years. Production peaked at 280,000 barrels a day (b/d) in 2000 but has since fallen to 240,000 b/d as the result of delays in bringing new fields on stream. However, the Moho and Bilondo fields on Haute Mer are expected to be brought on stream this year, as the first in a new wave of field development.
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Congo-Brazzaville has been ...
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