TotalEnergies has found oil and gas on a license which it has been developing offshore the Republic of Congo, the French supermajor said on Monday.
TotalEnergies EP Congo, which operates the Moho license with a 63.5% stake, has made the hydrocarbon discovery after drilling the MHNM-6 NFW exploration well targeting the Moho G structure.
The drilling campaign at the well has encountered a hydrocarbon column of good-quality Albian reservoirs, and an extensive data acquisition and sampling campaign was carried out to support the subsurface interpretation and future development.
The Moho G discovery, together with a discovery previously made on the nearby Moho F structure, represents recoverable resources estimated at close to 100 million barrels, which are planned to be developed as a tie-back to the existing Moho facilities.
Nearly a decade ago, TotalEnergies started up the Moho Nord deep offshore project, located offshore Pointe-Noire in the Republic of the Congo. The Moho Nord project has a production capacity of 100,000 barrels of oil equivalent per day.
Commenting on the new discovery announced today, Nicola Mavilla, Senior Vice-President Exploration at TotalEnergies, said,
“This new discovery on the Moho license benefits from its proximity to existing production infrastructure, allowing a short cycle, cost effective tie-back development.”
According to the executive, “By leveraging our technical expertise and existing infrastructure, we are creating the conditions for future value-accretive production for the Company.”
Last September, TotalEnergies was awarded a massive new exploration permit offshore the Republic of Congo, which could ultimately boost oil and gas supply from West Africa. TotalEnergies and its minority partners QatarEnergy and Congo’s national company SNPC were awarded the Nzombo exploration permit, close to the Moho production facilities operated by TotalEnergies.
Nzombo is located about 100 kilometers (62 miles) off the coast of Pointe-Noire, close to the Moho production facilities.
The French supermajor has been active in exploration efforts globally and in West and southwest Africa in recent years.
By Michael Kern for Oilprice.com
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