{"id":6588,"date":"2025-01-15T14:00:14","date_gmt":"2025-01-15T14:00:14","guid":{"rendered":"https:\/\/ornoirafrica.com\/?p=6588"},"modified":"2026-10-29T11:38:14","modified_gmt":"2026-10-29T11:38:14","slug":"congo-brazzaville-record-oil-sales-for-petronor-ep-in-fourth-quarter-2024","status":"publish","type":"post","link":"https:\/\/ornoir.africa\/en\/congo-brazzaville-record-oil-sales-for-petronor-ep-in-fourth-quarter-2024\/","title":{"rendered":"Congo-Brazzaville: Record oil sales for PetroNor E&amp;P in the fourth quarter of 2024"},"content":{"rendered":"<p>PetroNor has published a detailed account of its operations in Congo for the year 2024, highlighting notable achievements related to the PNGF Sud field complex.<\/p>\n<p>On 29 December 2024, the company completed the off-take and sale of 881,192 barrels of oil at a realised price of USD 72.817 per barrel. This offtake, the largest in PetroNor's history, will generate approximately USD 64 million, scheduled for payment by the end of January 2025. This operation brings the total volume taken off and sold in 2024 to 1,795,460 barrels, with an average realised price of USD 77.85 per barrel.<\/p>\n<p>Following this removal, PetroNor has a surplus position of around 450,000 barrels, which will be replenished by continuous production in the first half of 2025.<\/p>\n<p>Average net production in the fourth quarter of 2024 was 4,770 barrels per day (b\/d), down slightly from 4,778 b\/d in the third quarter and 5,295 b\/d in the same period of 2023. This decrease due to natural reservoir decline was partially offset by a significant improvement in production efficiency, reaching 92% in the fourth quarter thanks to a reduction in infrastructure-related outages and a successful well workover campaign.<\/p>\n<p>Over the full year 2024, PetroNor recorded average net production of 4,817 b\/d with a production efficiency of 86%.<\/p>\n<p>The year 2024 saw the commissioning of the production capacity and gas infrastructure of the PNGF Sud complex, offering autonomy in terms of electricity and gas supply, independent of any third party. This progress reduces the need for workovers and paves the way for infill drilling activities planned for 2025, aimed at increasing production.<\/p>\n<p>For November and December 2024, effective net production for PetroNor's interest is 16.83%, based on preliminary allocations. Full details, including a final production allocation, will be presented in the fourth quarter 2024 interim report.<\/p>\n<p>With a consolidated infrastructure and increased efficiency, PetroNor is well positioned to continue optimising its operations at PNGF Sud. The year 2025 promises to bring new opportunities for growth and returns for the company and its partners.<\/p>","protected":false},"excerpt":{"rendered":"<p>PetroNor published a detailed account of its 2024 operations in Congo, highlighting notable results from the PNGF Sud field complex. On 29 December, the company sold 881,192 barrels at a realised price of USD 72.817 per barrel...<\/p>","protected":false},"author":2,"featured_media":6589,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_lmt_disableupdate":"no","_lmt_disable":"","page_builder":"","footnotes":""},"categories":[5,676],"tags":[3148,3149],"class_list":["post-6588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actualite","category-petrole","tag-congo-brazzaville","tag-petronor-ep"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Congo-Brazzaville : ventes record de p\u00e9trole pour PetroNor E&amp;P<\/title>\n<meta name=\"description\" content=\"Le 29 d\u00e9cembre 2024, la soci\u00e9t\u00e9 a compl\u00e9t\u00e9 l&#039;enl\u00e8vement et la vente de 881 192 barils de p\u00e9trole \u00e0 un prix 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