Total Launches Moho-Bilondo Project

Total has received the green light by the Congolese authorities to begin developing the Moho-Bilondo project, located around 80 kilometers offshore in water depths ranging from 600 to 900 meters. Phase 1 of the Moho-Bilondo development comprises 12 subsea wells-seven producers and five water injectors-tied into a Floating Production Unit (FPU) housing the processing facilities. Expected to peak at 90,000 b/d, production will be exported to the Djeno terminal, which already handles nearly all of the country's crude oil output. The development is scheduled to come on stream in 2008. Total E&P Congo's (operator, 53.5%) partners in the Moho-Bilondo permit are Chevron Congo Overseas Ltd. (31.5%) and the Societe Nationale des Petroles du Congo (15%). The percentages indicated take into account the recent acquisition by Total E&P Congo of a 2.5% interest in the Haute-Mer permit that had been previously held by Energy Africa (subsidiary of Tullow Oil). Total is the country's biggest foreign investor and leading oil producer, operating around 57% of output. In 2004, Total produced 813,000 barrels of oil equivalent per day in Africa, its primary hydrocarbon production. The Congo accounted for 91,000 barrels.

Total is the fourth largest oil and gas company in the world with operations in more than 130 countries. Total's activities cover the whole energy chain of the petroleum industry: exploration, oil and gas production, refining and marketing, trading and power generation. The Group is also a major player in chemicals. Total has more than 111,000 employees worldwide. More information can be found on the company's website:
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