Latest news with #MassimilianoMignacca
Zawya
28-05-2025
- Business
- Zawya
Ammat Global Resources Managing Director (MD) Joins African Energy Week (AEW) 2025 Amid Congolese Upstream Expansion
Massimiliano Mignacca, Managing Director of independent hydrocarbon producer Ammat Global Resources, has joined the continent's largest energy event – African Energy Week (AEW): Invest in African Energies 2025 - as a speaker. Taking place September 29 to October 3 in Cape Town, the event will showcase emerging investment opportunities across the continent's most promising oil and gas markets. As a major upstream operator in the Republic of Congo, Ammat Global Resources is well-positioned to discuss strategic for unlocking the full potential of the country's hydrocarbon market. Focusing on optimizing oil and gas operations, Ammat Global Resources strives to boost oil production in the Republic of Congo. The company works closely with the country's national oil company Société Nationale des Pétroles du Congo to scale-up exploration, in line with national goals of reaching 500,000 barrels per day (bpd) crude production in the coming years. At AEW: Invest in African Energies 2025, Mignacca is expected to share insights into strategies for increasing production in the Republic of Congo, as well as ongoing drilling campaigns and future investment priorities. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Ammat Global Resources has been working towards optimizing operations at mature fields in the Republic of Congo. The company plans to kickstart a drilling campaign, designed to increase output by approximately 70% over the next five years. This builds on successful field optimization in recent months. Notably, in 2024, the company implemented a comprehensive development plan at the Loango and Zatchi fields, situated in the shallow waters of the country. The plan strives to improve the structural integrity of the asset platforms through maintenance and the replacement of key components. Since its implementation, Ammat Global Resources has seen a 75% increase in production capacity at the fields, with output rising from 4,000 bpd to 7,000 bpd. At the Loango offshore field, the company revitalized three platforms in 2024. Operations at the field started in 2023, and since then, the company has launched a program to modernize the sea pipeline linking the field's treatment platform to peripheral platforms. An environmental risk mitigation program – undertaken in partnership with other operators – is also being implemented at the field, as well as a campaign to replace outdated pumps and reactivate wells. The company also plans to revamp two additional platforms at the Zatchi field. Ammat Global Resources secured exploration and production permits for both fields in 2023. Africa's energy sector is rapidly changing, and companies like Ammat Global Resources stand to dominate marginal field production with potential new investments in Angola, Gabon, Libya, Nigeria, Algeria, the Republic of Congo and others. While the company represents a relatively new upstream player, Ammat Global Resources has already played an instrumental part in supporting the Republic of Congo's production goals. The company's approach includes revitalizing existing assets by enhancing platform integrity and operational efficiency. Looking ahead, the company's upcoming drilling campaign and field optimization is expected to unlock greater value from the country's offshore assets. The company is increasing its production with low carbon solutions. Its new drilling campaigns and expansion is a significant milestone in our mission to make energy poverty history by supporting the Republic of Congo through sustainable growth and long-term value creation. Ammat Global Resources has a company strategy that respects the unique rights of local communities and continues to make great strides toward learning, developing relationships based on trust, and sharing benefits from its oil operations. As such, the company stands to be significant player in the near future. Insights shared at AEW: Invest in African Energies 2025 will provide a snapshot of the opportunities available in the Republic of Congo. 'While a major oil producer, the Republic of Congo still offers significant growth opportunities for oil and gas operators. The country's untapped exploration prospects continue to entice players, and companies such as Ammat Global Resources are making strides to unlock new discoveries in the country. With greater investment in exploration and production, the Republic of Congo stands to accelerate output and support regional fuel security,' states NJ Ayuk, Executive Chairman, African Energy Chamber. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
12-02-2025
- Business
- Zawya
AMMAT Unpacks Strategic Approach to Optimizing Oil & Gas Operations in Congo
As part of the Republic of Congo's strategy to double its oil production, the government is encouraging independent operators to revitalize mature fields and boost output. Companies like AMMAT – participating as a Platinum Sponsor at the inaugural Congo Energy&Investment Forum (CEIF) 2025 – are playing a key role in this effort. In an in-depth conversation with Energy Capital&Power ( AMMAT CEO Massimiliano Mignacca outlines the company's approach to technological innovations, a focus on sustainability and optimizing oil and gas operations in mature fields in Congo. Can you provide an overview of AMMAT's activities in Congo? When we began exploring opportunities in 2021, we focused on West Africa and found promising prospects in the Republic of Congo. The Congolese authorities recognized our potential and supported our asset management approach. By the end of 2022, we had officially established our presence in the country. In March 2023, we secured exploration and production permits for the Zatchi and Loango fields – mature assets previously operated by a joint venture between Eni and Total until 2021 – followed by a transition period under SNPC [Congo's national oil company Société nationale des pétroles du Congo ]. We commenced operations in July 2023, applying our proven asset management strategies from Italy to optimize production in Congo. How does your partnership with SNPC contribute to Congo's plan to double oil production? We operate under a joint venture framework, where SNPC plays a key role alongside two Congolese companies that collectively hold a 25% stake. Managing mature fields presents significant challenges, requiring close coordination with SNPC at all levels. We conduct regular meetings to align on work plans, performance, and projects that enhance safety, boost production and improve asset management. Our close collaboration with SNPC's leadership ensures that our initiatives contribute directly to Congo's production growth targets. AMMAT employs a data-driven approach to reservoir management. What technologies and methodologies are you using? One major initiative is the modernization of the sea pipeline linking our Loango treatment platform to peripheral platforms. We are also implementing an environmental risk mitigation program in partnership with other operators. Additionally, we have launched a campaign to replace outdated pumps and reactivate wells, utilizing advanced workover techniques such as ESP pump upgrades to enhance production. In 2024, we successfully revamped three platforms in Loango and are currently rehabilitating two more in the Zatchi field. We remain committed to integrating cutting-edge technology into our operations to maximize efficiency and sustainability. What sustainable practices does AMMAT implement in its operations? Sustainability is at the core of our asset management approach. The [oil and gas] sector has been central to Congo's economy since the 1970s, producing a strong engineering workforce. Recognizing this, we have initiated partnerships with local universities and currently host three graduates in our maintenance, IT and HSE [health, safety and environment] divisions. This initiative strengthens local talent and ensures the long-term sustainability of our operations. AMMAT will be a Platinum Sponsor at the Congo Energy&Investment Forum (CEIF) in March 2025. What do you aim to achieve at this event? Our primary objective [at CEIF 2025] is to showcase AMMAT as a reliable and committed partner in Congo. The country entrusted us with two crucial production fields, and we want to demonstrate how our asset management expertise adds value. Additionally, we are looking to expand our upstream presence in Congo and other markets. Being a Platinum Sponsor allows us to make a strong impact, emphasizing our commitment to compliance with local regulations, collaboration and sustainable operations. This event provides an excellent platform to engage with stakeholders and reinforce our role in driving growth in Congo's oil and gas industry. Distributed by APO Group on behalf of Energy Capital&Power. The inaugural Congo Economic&Investment Forum, set for March 24-26, 2025, in Brazzaville, under the patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société National des Pétroles du Congo, 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.
