Republic of the Congo: TotalEnergies Makes a Hydrocarbon Discovery on the Moho License
TotalEnergies SE Ordinary Shares (TTE)
Company Research
Source: Business Wire
PARIS--(BUSINESS WIRE)--TotalEnergies EP Congo (63.5%, operator) announces a hydrocarbon discovery on the Moho license, offshore the Republic of the Congo, following the drilling of the MHNM-6 NFW exploration well targeting the Moho G structure.The well encountered a hydrocarbon column of approximately 160 meters in 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 the discovery previously made on the nearby Moho F structure, represent recoverable resources estimated at close to 100 million barrels, which are planned to be developed as a tie-back to the existing Moho facilities."This new discovery on the Moho license benefits from its proximity to existing production infrastructure, allowing a short cycle, cost effective tie-back development,” said Nicola Mavilla, Senior Vice-President Exploration at TotalEnergies. “By leveraging
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