Chevron confirms discovery offshore Republic of the Congo
May 11, 2009
Chevron Corporation confirmed a discovery within the Moho-Bilondo license in the Republic of the Congo, according to Business Wire. The Moho Nord Marine-4 well, in which Chevron Overseas Limited holds a 31.5 percent interest, is located approximately 46 miles offshore of the Republic of the Congo, in 3,537 feet of water in the northern part of the Moho-Bilondo license. Moho Nord Marine-4 was drilled to a total depth of 13,907 feet and proved a 535-foot column of high-quality oil flowing at 8,100 barrels per day. The permit area’s deepwater Moho-Bilondo project, which began production April 2008, consists of subset well clusters that flow into a floating processing unit. Maximum total daily production of 90,000 barrels of crude oil is expected in 2010. Chevron''s partners on the permit area are Société Nationale des Pétroles du Congo (15 percent) and Total E&P Congo (operator and 53.5 percent).