Advertisement

Total starts production in deep Congolese waters

French supermajor is the lead oil producer in a country contributing to West African growth.

By Daniel J. Graeber
French supermajor Total announces the start of new production from a basin off the Congolese coast. Total is the top oil producer there. Photo courtesy of Total.
French supermajor Total announces the start of new production from a basin off the Congolese coast. Total is the top oil producer there. Photo courtesy of Total.

March 15 (UPI) -- French supermajor Total said it started production at a deep-water prospect off the Congolese coast with a production capacity of 100,000 barrels per day.

"Moho Nord is the biggest oil development to date in the Republic of the Congo," Arnaud Breuillac, president for Total's exploration and production division, said in a statement. "A showcase for Total's deep offshore operational excellence, it consolidates our leading position in Africa."

Advertisement

Production from Moho Nord comes through 34 wells tied to a platform that Total considers unique to its operations offshore Africa. The deep-water prospect has a peak production capacity of 100,000 barrels of oil equivalent per day.

West Africa has drawn interest from international energy companies eager to tap into unexploited reserves. Tullow Oil, one of the largest players in the region, said its working interest of total oil production should be in the range of 73,000 to 80,000 barrels of oil equivalent, driven in large part by projects near the coast of Ghana.

Congolese developments have come in fits and starts. Central African oil player SOCO International said last year it came up empty-handed while drilling in the waters off the coast of the Republic of Congo. It was targeting a basin with prospective reserves of around 350 million barrels of oil, but encountered no hydrocarbons in its early drilling efforts.

Advertisement

Economists at the Organization of Petroleum Exporting Countries said West Africa is one of the drivers of production growth for 2017. Regional production is expected to increased this year by 50,000 barrels per day, mainly from Congo and Ghana, to 2.16 million barrels per day.

Total is the lead oil producer in Congo with an equity share in production of 89,000 barrels of oil equivalent per day last year.

Latest Headlines