Chevron Corp. (NYSE: CVX) confirmed on Dec. 11 that its subsidiary, Chevron Overseas (Congo) Ltd., and partners have started production from the deepwater development Moho Bilondo Phase 1b offshore the republic of Congo.
Located about 75 km (46 miles) off the coast of Pointe-Noire in water depths ranging from 750 to 1,200 m (2,400 to 4,000 ft), Moho Bilondo Phase 1b is part of the Moho Nord joint development project, the largest-ever oil and gas project undertaken in Congo. The Moho Bilondo Phase 1b project includes 11 wells tied back to an existing floating production unit and is expected to produce a total of 40,000 barrels of oil per day.
The Phase 1b development targeted reserves in the southern portion of the Moho Bilondo permit area. The Moho Nord subsea development, which will be the second phase of the Moho Nord joint development project, is in the northern part of the area.
The Moho Nord development project involves a tension-leg platform, a floating production unit with a processing capacity of 100,000 barrels of oil per day, and a 80-km (50-mile) pipeline to the onshore Djeno Terminal.
Chevron Overseas (Congo) Ltd. has a 31.5 percent working interest in the Moho Bilondo permit area, along with Total E&P Congo (53.5 percent working interest and operator) and the national oil company, Société Nationale des Pétroles du Congo (15 percent working interest).
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