Total Unlocks More Oil at Moho-Bilondo License Offshore Congo

Moho-Bilondo Finds
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Total announces today positive results for the Moho Nord Marine-4 (MHNM-4) well, approximately 75 kilometers offshore of the Republic of Congo, in a water depth of 1,078 meters in the northern part of the Moho-Bilondo license. The discovery follows on from the Moho Nord Marine-1 and 2 finds in 2007 and the positive delineation well of Moho Nord Marine-3 (MHNM-3) in 2008.

These discoveries reinforce Total's confidence in the emergence of a development pole in the northern part of the Moho-Bilondo license.

The Phase 1 development of the southern part of Moho-Bilondo, where production began in April 2008, is currently continuing with drilling of further wells that will permit the plateau of 90,000 barrels of oil equivalent per day to be reached in 2010. The development is comprised of fourteen subsea wells tied back to a Floating Production Unit (FPU) with output exported to the onshore Djéno terminal.

Total E&P Congo holds a 53.5% interest in the license, alongside Chevron Overseas Congo Ltd. (31.5%) and Société Nationale des Pétroles du Congo (15%).

Moho Nord Marine-4

Moho Nord Marine-4 was drilled to a total depth of 4,239 meters, in the Albian series, 4.4 kilometers northwest of the Tertiary structure drilled by MHNM-3. The well proved a 163 meters column of high quality oil in the Albian F structure and flowed at 8,100 barrels per day through a 52/64" choke.

This discovery confirms the existence of significant Albian resources in the northern part of the Moho-Bilondo license, in addition to the already recognized Tertiary and Albian A and B resources. Preliminary development studies with a view to develop the Moho Nord resources have been launched.

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