2nd Apr 2007 10:06
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 northernarea of the Moho-Bilondo permit, which lies approximately 80 kilometres offshoreRepublic 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 2,645metres and encountered an approximately 140-metres column of oil in high qualityUpper Miocene reservoir levels. Drilled to a total depth of 2,340 meters around 1.5 kilometres from the firstwell, the Moho Nord Marine-2 discovery well encountered a different set of twoUpper Miocene oil reservoirs that are connected to each other, one overlying theother. One contained a 78-metres column of oil in an excellent quality massivereservoir; the other, a 22-metres column of oil in a good quality massivesandstone reservoir. The wells were the second phase of the campaign to add resources to the currentPhase 1 development of Moho-Bilondo, following the Mobi Marine 2 discovery in2006, 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 theDjeno terminal. Production is scheduled to begin in 2008. Appraisal of the additional reserves contained in the three oil reservoirsencountered by Moho Nord Marine-1 and Moho Nord Marine-2 is underway todetermine their potential, and development plan studies have already beenlaunched. Total E&P Congo (53.5%) is partnered in Moho-Bilondo with Chevron Overseas CongoLtd. (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 since1968, Total is the country's leading oil producer, with an operated productionof 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 andproduction operations located chiefly in Gulf of Guinea countries. 2006 saw thestartups of Dalia, which has a capacity of 240,000 barrels of oil equivalent perday, in Angola's Block 17; the bringing on stream of Benguela Belize, Lobito andLandana North in Block 14, also in Angola; and the acquisition of interests inthe Brass LNG project and offshore OMLs 112 and 117 in Nigeria. In addition, anumber of discoveries were made in Angola, in Blocks 17 and 32; in Cameroon, inthe Dissoni block; and in the Republic of the Congo, with a third find in theMTPS 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 morethan 130 countries. Its 95,000 employees put their expertise to work in everypart of the industry - exploration and production of oil and natural gas,refining and marketing, gas trading and electricity. Total is working to keepthe world supplied with energy, both today and tomorrow. The Group is also afirst rank player in chemicals. www.total.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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