Total Says Oil Output at Moho Nord in Congo Exceeds Expectations

Oct 26 2018, 9:37 AMOct 26 2018, 10:35 AMOctober 26 2018, 9:37 AMOctober 26 2018, 10:35 AM

(Bloomberg) -- Oil production at Total SA’s deep-offshore project in the Republic of Congo has exceeded expectations and there’s potential to boost output even further, a company official said.

Moho Nord is pumping 200,000 barrels per day, Martin Deffontaines, general manager of Total E&P Congo, said by phone Friday from Pointe Noire, Congo’s commercial capital. There’s potential for production to reach 250,000 barrels per day by mid-2019, he said.

“Its production is far more than what we had anticipated,” Deffontaines said.

Congo became an OPEC member in June. The central African nation is targeting a 65 percent increase in overall oil production this year.

Click here to read a related article about Congo’s oil industry