Olive Energy and Unite Oil & Gas will discuss their strategies for revitalizing mature assets, expanding offshore production and ongoing partnerships with SNPC at the Congo Energy & Investment Forum.
Junior and independent exploration and production companies are increasingly driving growth in the Republic of Congo’s hydrocarbon sector, as the country works to boost production to 500,000 barrels per day by 2027. These players are crucial to achieving this target by driving exploration and boosting production capacity, and will discuss their strategies and upcoming projects at the Congo Energy & Investment Forum (CEIF) 2025 in Brazzaville, including:
- Yachtze Luchin, President & CEO, Unite Oil & Gas
- Ahmed Ouenes, CEO & Founder, Olive Energy
Unite Oil & Gas is spearheading the revitalization of Congo’s mature assets through its BOMOKO joint venture with ARIES Energy. This collaboration is set to significantly contribute to the company’s goal of achieving 25,000 barrels of oil equivalent per day by the end of 2026. As part of its strategy, Unite Oil & Gas has also signed a strategic energy services contract with Société nationale des pétroles du Congo (SNPC) in April 2024, which will facilitate the advancement of drilling campaigns and investment projects aimed at boosting Congo’s oil production.
The inaugural Congo Economic and Investment Forum, set for March 25-26, 2025 in Brazzaville, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the country.
Having entered the Congolese market in 2021, Olive Energy is focusing on the Marine III license with a prospective $400 million project. This venture will involve the development of wellhead platforms linked to a FPSO vessel, marking a significant step in the company’s growth within Congo’s offshore fields. Olive Energy has already established a strong partnership with SNPC through its ongoing drilling activities at the Tilapia oil field, further solidifying its presence in the country’s oil sector. CEIF 2025 provides an ideal platform for upstream firms to showcase milestones, ongoing projects and investment plans, unlocking new prospects within Congo’s upstream market.
For more information about the Congo Energy & Investment Forum and to secure your participation, visit https://congoenergyinvestment.com/.
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