The SNPC has seen significant success in this field, with progress made across the upstream and downstream areas. Notably, the SNPC, as a primary participant in all hydrocarbon related activities in the country, has been a key driver in oil exploration country wide, serving as a major participant in all upstream activities and contributing to the country’s standing as the third-largest crude oil producer in sub-Saharan Africa. With over 2.9 billion barrels of proven reserves in 2021, the Congo is driving upstream oil exploration, and the SNPC is a major facilitator. By incentivizing both onshore and offshore exploration, the SNPC aims to attract international upstream companies to come to the Congo.
Committed to enhancing energy sector diversification in the Congo in a bid to spur wider economic growth and development. Notably, the country aims to increase the share of natural gas in its energy mix and has, therefore, prioritized the exploration and production of its significant natural gas resources – estimated at 10 trillion cubic feet. In line with this national objective, the SNPC has established a progressive Gas Master Plan (GMP), aimed at incentivizing natural gas development and investment. By recognizing the value of gas in alleviating energy poverty, establishing energy security, and contributing to the energy transition, the GMP provides a medium to long-term strategy for the effective exploitation of the resource. Ensuring an enabling environment for international investors, coupled with the country’s significant resources, the GMP elevates the Congo as the preferred investment destination and is set to rapidly increase both regional and international participation.