TotalEnergies EP Congo (63.5%, operator) announces a hydrocarbon discovery on the Moho license, offshore the Republic of 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, 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.

"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 our technical expertise and existing infrastructure, we are creating the conditions for future value-accretive production for the Company."

TotalEnergies EP Congo is the operator of Moho license with a 63.5% participation, alongside Trident Energy (21.5%) and the Société Nationale des Pétroles du Congo (SNPC, 15%). Existing production facilities include two Floating Production Units (FPU), Alima and Likouf, combining for a current output of around 90 kboe/d (100%).

QatarEnergy

QatarEnergy holds a 15% shareholding position in TotalEnergies E&P Congo (TEPC) which is the operator in the Moho license. TEPC holds a 63.5% share of the license, alongside Trident Energy (21.5%), and Société Nationale des Pétroles du Congo (15%).

Commenting on the discovery, His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, stated:
"We are pleased to further strengthen our expanding international portfolio with this promising new discovery in the Republic of Congo. We look forward to working with our strategic partner, TotalEnergies, and with the Congolese Government to develop these resources.”

KeyFacts Energy: TotalEnergies Republic of the Congo country profile   l   KeyFacts Energy: Discovery news

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