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Monday, April 2, 2007
Supermajor Total of France today announced two major discoveries in its Moho-Bilondo permit 80 km offshore the Republic of Congo.
The discovery well, the Moho Nord Marine-1, was drilled in a water depth of 1,000 meters to a total well depth of 2,645 meters. The well encountered an oil column of about 140-meters in high quality upper Miocene reservoir levels.
The Moho Nord Marine-2 discovery well located about 1.5 km from the Marine-1 well, was drilled to a total depth of 2,340 meters and encountered a different set of two Upper Miocene oil reservoirs that are connected to each other, one overlying the other. Total says that one reservoir contained a 78-meter column of oil in an excellent quality massive reservoir; and the other a 22-meter column of oil in a good quality massive sandstone reservoir.
The Marine-1 and Marine-2 wells were the second phase of Total’s campaign geared to add resources to the current Phase 1 Development of Moho-Bilondo, following the Mobi Marine 2 discovery in 2006. These new discovery wells will be connected to the Moho-Bilondo floating and production unit. The overall Phase 1 Development will consist of 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. Production is scheduled to begin in 2008.
Appraisal of the additional reserves contained in the three oil reservoirs encountered by Moho Nord Marine-1 and Moho Nord Marine-2 is underway to determine their potential, and development plan studies have already been launched.
Total, the largest oil producer in Congo, is partnered in this permit with Chevron Overseas Congo Ltd. with 31.5% and Société Nationale des Pétroles du Congo with 15%. Total E&P Congo holds 53.5%.
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