Petroleum Africa
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Wednesday, May 6, 2009
France’s Total has made a new discovery on the Moho-Bilindo License offshore the Republic of Congo with the drilling of the Moho Nord Marine-4 (MHNM-4) well. The well was drilled in a water depth of 1,078 meters in the northern part of the Moho-Bilondo license.
MHNM-4 was drilled to a total depth of 4,239 meters in the Albian series, 4.4 km northwest of the Tertiary structure drilled with MHNM-3. The well proved a 163 meter column of high quality oil in the Albian F structure and flowed at 8,100 bpd.
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.
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 boepd 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%).
Total is the largest petroleum operator in the country, representing a little more than 50% of national production. The Group’s share of production reached 89,000 boepd in 2008.
Total E&P Congo has drilled half of all the exploration wells in the Congo, and begun production on 15 fields covering 9 of the 28 existing permits or concessions, and discovered 65% of initial listed reserves in the country.
On the Nkossa area the work program undertaken since 2005 by the company has enabled the decline of the field to be countered and potential production to be maintained at 50,000 bpd.
The development project for Libondo, a satellite of Total’s Yanga field, was launched in October 2008. It includes an important element of local development, with the re-opening of a building yard in Pointe Noire, which will help to create approximately 1,000 direct and indirect jobs.
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