Total Strikes Oil in Moho-Bilondo Permit

Total has made an oil discovery in the Moho-Bilondo exploration permit, located approximately 80 kilometers offshore the Republic of the Congo, in water depths ranging from 600 to 900 meters.

Drilled to a total vertical depth of 2,269 meters, the Mobi Marine 2 well identified two new oil-bearing structures at the base of the Upper Miocene over a combined thickness of around 30 meters. This discovery is the first step in a process designed to add further reserves to the current Phase 1 development of Moho Bilondo. The new resources are being appraised and a development plan is being prepared.

Launched in late August 2005, the initial Phase 1 development plan for the Moho Bilondo project comprises 12 subsea wells tied back to a floating production unit (FPU) whose output—around 90,000 barrels per day at peak—will be exported to the Djeno terminal. The field is scheduled to come on stream in 2008.

Total E&P Congo is the operator with 53.5% and its partners in Moho-Bilondo are Chevron Overseas Congo Ltd. with 31.5% and Societe Nationale des Petroles du Congo (SNPC) with 15%.

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