Total begins production at offshore Congolese site

Total begins production at offshore Congolese site

 

French energy major Total (LSE:TTA) has commenced production at its Moho Nord deep-water project off the Congolese coast.

The offshore prospect is located 75km off the port city of Pointe-Noire, and has a peak production capacity of 100,000 barrels per day, which will be harnessed using 34 wells tied to a platform.

Total exploration and production division president Arnaud Breuillac said: “Moho Nord is the biggest oil development to date in the Republic of the Congo.

“A showcase for Total’s deep offshore operational excellence, it consolidates our leading position in Africa.”

The firm holds a 53.5% share in the project, along with Chevron (NYSE:CVX) and DR Congo’s state oil company Société Nationale des Pétroles du Congo (SNPC).

Total has been present in the West African nation for almost 50 years and is the country’s largest oil producer, with a total production averaging 89,000 barrels per day.

West Africa has been predicted to be a key region driving production growth in 2017, with production growth expected to rise by 50,000 barrels per day, primarily from Congo and Ghana.

@RGNonline