TotalEnergies, France’s leading oil and gas company, has made a groundbreaking discovery in the Republic of Congo’s offshore Moho field. This new find, which is part of the ongoing expansion of the Moho field, marks a significant addition to the company’s hydrocarbon reserves. The discovery, spanning a 160-meter column, has revealed over 100 million barrels of recoverable resources, a testament to the field’s potential.
The exploration and production arm of TotalEnergies in Congo, TotalEnergies E&P Congo (TEPC), has been operating in the Moho license area. Alongside TotalEnergies, the consortium includes QatarEnergy, which holds a 15% stake in TEPC. The partnership is poised to further develop the newly discovered resources, reflecting a shared commitment to energy exploration and production.
Ownership of the Moho field is a complex arrangement involving TotalEnergies, QatarEnergy, Trident Energy, and the Congolese national oil company. Currently, TotalEnergies maintains a 63. 5% equity interest in the license, with Trident Energy holding 21.
5% and the Congolese national oil company, Société Nationale des Pétroles du Congo, at 15%. This structure, as noted in the Gulf Times, represents a diverse and collaborative approach to energy development.
In a statement, Qatar’s Minister of State for Energy Affairs and the President and CEO of QatarEnergy, Eng. Saad bin Sherida Al Kaabi, expressed optimism about the discovery. “We are pleased to further strengthen our expanding international portfolio with this promising new discovery in the Republic of Congo, “he. “.
We look forward to working with our strategic partner, TotalEnergies, and with the Congolese Government to develop these resources.”The Moho deep offshore field, located about 80 kilometers from the coast of Pointe Noire, is already producing around 90,000 barrels of oil equivalent per day, managed by TotalEnergies through two floating production units. Plans are underway to integrate the newly identified Moho F and Moho G discoveries into the existing infrastructure, allowing for a cost-effective and efficient tie-back development, according to Nicola Mavilla, Senior Vice-President Exploration.
Source: Africa.businessinsider
Original author: Chinedu Okafor
