New Oil Discoveries
Total S.A.
02 April 2007
Republic of the Congo : Two Major Discoveries in the Moho-Bilondo Permit
Paris, April 2, 2007 - Total announces two new oil discoveries in the northern
area of the Moho-Bilondo permit, which lies approximately 80 kilometres offshore
Republic of the Congo in a water depth of 1,000 metres.
The Moho Nord Marine-1 discovery well was drilled to a total depth of 2,645
metres and encountered an approximately 140-metres column of oil in high quality
Upper Miocene reservoir levels.
Drilled to a total depth of 2,340 meters around 1.5 kilometres from the first
well, the Moho Nord Marine-2 discovery well encountered a different set of two
Upper Miocene oil reservoirs that are connected to each other, one overlying the
other. One contained a 78-metres column of oil in an excellent quality massive
reservoir; the other, a 22-metres column of oil in a good quality massive
sandstone reservoir.
The wells were the second phase of the campaign to add resources to the current
Phase 1 development of Moho-Bilondo, following the Mobi Marine 2 discovery in
2006, which will be connected to the Moho-Bilondo floating and production unit.
Launched in late August 2005, the initial Phase 1 development plan for Moho-
Bilondo consists of 12 subsea wells tied back to a floating production unit
(FPU) whose output-around 90,000 barrels per day at peakwill 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 E&P Congo (53.5%) is partnered in Moho-Bilondo with Chevron Overseas Congo
Ltd. (31.5%) and Societe Nationale des Petroles du Congo (15%).
Total in the Republic of the Congo
Solidly positioned in the Republic of the Congo, where it has operated since
1968, Total is the country's leading oil producer, with an operated production
of 130,000 barrels of oil equivalent per day in 2006.
Exploration & Production in West Africa
Total has been present in West Africa since 1928, with exploration and
production operations located chiefly in Gulf of Guinea countries. 2006 saw the
startups of Dalia, which has a capacity of 240,000 barrels of oil equivalent per
day, in Angola's Block 17; the bringing on stream of Benguela Belize, Lobito and
Landana North in Block 14, also in Angola; and the acquisition of interests in
the Brass LNG project and offshore OMLs 112 and 117 in Nigeria. In addition, a
number of discoveries were made in Angola, in Blocks 17 and 32; in Cameroon, in
the Dissoni block; and in the Republic of the Congo, with a third find in the
MTPS block and the Mobi Marine 2 discovery.
Total's equity production in West Africa stood at more than 550,000 barrels of
oil equivalent per day in 2006, making it one of the leading international oil
companies in the region.
* * * * * *
Total is one of the world's major oil and gas groups, with activities in more
than 130 countries. Its 95,000 employees put their expertise to work in every
part of the industry - exploration and production of oil and natural gas,
refining and marketing, gas trading and electricity. Total is working to keep
the world supplied with energy, both today and tomorrow. The Group is also a
first rank player in chemicals. www.total.com
This information is provided by RNS
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