In the first edition of its Africa Energy Frontiers series, Centurion Law Group provides insights on one of Central Africa’s most innovative oil, gas and power markets: Congo Brazzaville. Centurion identifies ultra-deepwater oil and gas production, pre-salt discovery and development, oil sands appraisal, and investment in gas production and utilization as Congo Brazzaville’s ‘Energy Frontiers’ – areas of great interest to domestic and international investors.
Africa Energy Frontiers: Congo Brazzaville is released as the country welcomes a new Minister of Hydrocarbons, H.E. Jean-Marc Thystère-Tchicaya. Centurion Law Group congratulates H.E. Thystère-Tchicaya and his team at the Ministry of Hydrocarbons on this landmark appointment. This is a critical period for the oil and gas business in Congo Brazzaville, as petroleum legislation is in the process of being reformed.
The report states: “Congo Brazzaville is a mature petroleum province, and has been one of Africa’s largest oil producers since the 1970s. Although output fell during the 2000s, the entry of deepwater fields since 2008 provided a temporary production boost. New pre-salt discoveries could spur the development of mega-projects that would revive Congo Brazzaville’s flagging production, along with the continued development of deepwater projects that are coming onstream from 2015.” It goes on to provide a briefing on the state actors in the petroleum and power sectors and an overview of all relevant laws and regulations related to the energy business.
“Our great African energy industry has the power to bring prosperity and opportunity to many parts of this continent,” said Centurion Law Group CEO NJ Ayuk. “Congo Brazzaville is once again a rising energy player in the CEMAC region, where Centurion has long experience and an enduring commitment.”
Africa Energy Frontiers: Congo Brazzaville is available to download for free and will be distributed in print at Centurion’s stand (129/130) at Africa Oil Week, October 26-30 in Cape Town, South Africa.
Centurion is a leading pan-African legal and business advisory group with extensive experience in oil and gas law. The group provides outsourced legal representation and covers a full suite of practice areas for its clients, including arbitration and commercial litigation, corporate law, tax and anti-corruption advisory and contract negotiation. Centurion specializes in assisting clients that are starting or growing a business in Africa and has offices in Malabo, Douala and Johannesburg.