Total said results from Northern part of Moho-Bilondo offshore Congo are positive
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) announces today positive appraisal results for the Moho Nord Marine-3 well, lying around 80 kilometres offshore of the Republic of Congo in 1,030 metres of water in the northern part of the Moho-Bilondo license. The discovery follows on from the Moho Nord Marine-1 and 2 finds in 2007.
Moho Marine Nord-3 was drilled to a total depth of 2,300 meters, 1.7 kilometers northwest of Moho Nord Marine-2 and 2.7 kilometres north of Moho Nord Marine-1. The well encountered a 60-metre column of good quality sands, containing 18°API oil in the Upper Miocene and flowed at 3,000 barrels per day through a choke.
This discovery confirms the Tertiary Miocene resource cluster in the northern part of the Moho-Bilondo license. The well will make it possible to further refine the development plan for Moho Nord.
Phase 1 development of the southern part of Moho-Bilondo is under way, comprising fourteen subsea wells tied back to a Floating Production Unit (FPU). Phase 1 came on stream in April 2008, and should progressively ramp up to a plateau production of 90,000 barrels per day. Output is exported to the 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%).
Photo://FMC
