Congo Republic: Total announces Moho Nord go-ahead

Total has announced the final investment decision and contract awards for the Moho Nord development on the Moho-Bilondo licence. The $10bn development will target some 485m boe of new reserves, comprising additional reserves in the southern part of the licence with Moho Bilondo Phase 1 bis, and new reserves in the northern sector with Moho Nord. First oil is expected in 2015, with output reaching 140,000 boe/d in 2017.