TotalEnergies finds hydrocarbons near existing production sites in Congo
By America Hernandez
PARIS, '13 April - French oil giant TotalEnergies announced on Monday that it had found hydrocarbons in a drilling campaign to expand the Moho field off the coast of Republic of Congo.
The well found a column of gas and oil measuring 160 metres. Total stated that the Moho G and Moho H discoveries represent recoverable resources close to 100,000,000 barrels.
Oil majors are re-engaging in West Africa to replenish resources lost in other fields.
TotalEnergies’?current production? at the Moho deep-offshore field, located about 80 km (50 mi) off the coast of Pointe Noire consists of two floating modules with a combined output of 90,000 barrels oil equivalent per day.
The company intends to connect Moho F discoveries and Moho G to existing Moho facilities.
"This new discovery in the 'Moho' license?benefits?from its proximity to existing production?infrastructure, allowing a cost-effective, short-cycle tie-back development", Nicola Mavilla Senior Vice President Exploration said in a?statement. TotalEnergies EP Congo, with a 63.5% stake in the?Moho licence, is also the operator. Trident Energy has a 21.5% stake and Societe Nationale des Petroles du Congo 15%. (Reporting and editing by Joe Bavier in Paris)
(source: Reuters)
