Total Expects 100,000 Bpd From Congo's Moho Nord In Early 2017

Reuters

CAPE TOWN, Nov 1 (Reuters) - French oil major Total expects first production from Congo Republic's offshore Moho Nord field to add an extra 100,000 barrels a day when it starts early next year, a senior official said on Tuesday.

Guy Maurice, Africa president for exploration and production, also said the company expected to make a final investment decision on its onshore Ugandan field "by the end of 2017".

"Lower operational expenditure on one side and lower development costs on the other side should lead to the possibility to sanction new developments in a low price environment," Maurice told an African oil and gas conference.

(Reporting by Wendell Roelf; Editing by Tiisetso Motsoeneng)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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