BMI View: With production in steady decline and few major projects expected to come on-stream over the next few years, the Republic of Congo (RoC)’s upstream oil outlook does not inspire much confidence. However, Eni’s vast oil sands project in the country’s south could offer some long-term opportunities. If this project is realised, this would be the first of its kind on the continent. The main trends and developments for the RoC’s oil and gas sector are: ? BMI expects oil production to decline steadily due to most of the production coming from mature fields and the lack of new …
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