30th Aug 2005 10:03
Total S.A.30 August 2005 Phase 1 of Moho-Bilondo Project Launched In Republic of the Congo Paris - August 30, 2005 - Total (operator, 53.5%) has received the green light by the Congolese authorities to begin developing the Moho-Bilondo project, located around 80 kilometers offshore in water depths ranging from600 to 900 meters. Phase 1 of the Moho-Bilondo development comprises 12 subsea wells-sevenproducers and five water injectors-tied into a Floating Production Unit (FPU)housing the processing facilities. Expected to peak at 90,000 b/d, productionwill be exported to the Djeno terminal, which already handles nearly all of thecountry's crude oil output. The development is scheduled to come on streamin 2008. Total E&P Congo's (53.5%) partners in the Moho-Bilondo permit are Chevron CongoOverseas Ltd. (31.5%) and the Societe Nationale des Petroles du Congo (15%). The percentages indicated take into account the recent acquisition by Total E&P Congo of a 2.5% interest in the Haute-Mer permit that had been previously held by Energy Africa (subsidiary of Tullow Oil). Total is the country's biggest foreign investor and leading oil producer, operating around 57% of output. In 2004, Total produced 813,000 barrels of oil equivalent per day in Africa, its primary hydrocarbon production. The Congo accounted for 91,000 barrels. Total is the fourth largest oil and gas company in the world with operations in more than 130 countries. Total's activities cover the whole energy chain of the petroleum industry: exploration, oil and gas production, refining and marketing, trading and power generation. The Group is also a major player in chemicals. Total has more than 111,000 employees worldwide. More information can be found on the company's website: www.total.com 2 place de la CoupoleLa Defense 6 92 400 Courbevoie FranceFax: 33(1)47 44 68 21 Catherine ENCKTel. 33(1)47 44 37 76 Patricia MARIETel: 33(1)47 44 45 90 Paul FLORENTel: 33(1)47 44 45 91 Christine de CHAMPEAUX Tel: 33(1)47 44 47 49 Bertille ARONTel: 33(1)47 44 67 12 Mary DWYERTel: 33(1)47 44 21 19 Isabelle CABROL Tel: 33(1)47 44 64 24 Charles-Edouard ANFRAYTel: 33(1)47 44 65 55 Franklin BOITIERTel: 33(1)47 44 59 81 Philippe GATEAUTel: 33(1)47 44 47 05 TOTAL SA Capital 6 214 875 300 euros542 051 180 R.C.S. Nanterrewww.total.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
TTA.L