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TotalEnergies Makes Hydrocarbon Discovery in Congo, Plans Extraction

-- TotalEnergies (TTE) affiliate TotalEnergies EP Congo has made a hydrocarbon discovery offshore Republic of the Congo in the area covered by its Moho license after drilling for an exploration well, it said on Monday.

Together with a previous discovery in the Moho F structure, combined recoverable resources are now estimated at about 100 million barrels, which will be developed as a tieback to existing Moho infrastructure, the statement said.

The drilling of the MHNM-6 NFW well in the Moho G structure led to the discovery of a hydrocarbon column of about 160 meters in "good-quality Albian reservoirs" with extensive sampling carried out.

The development will benefit from proximity to existing installations "allowing a short cycle, cost effective tie-back development," according to Nicola Mavilla, Senior Vice-President for Exploration.

TotalEnergies EP Congo is the operator of the Moho license, with a 63.5% stake while Trident Energy holds 21.5% and the Societe Nationale des Petroles du Congo holds 15%. Production facilities already in place include two floating production units.

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