Congo to Boost Crude Production in 2008

01-31-2008

Crude Production in Congo is expected to increase in 2008 by 90,000 barrels per day, with the exploitation of a new oil field, Jean-Jacques Mosconi, Manager of Total Strategies, an oil company, said.

"This year we will exploit the Moho-Bilondo Field to produce 90,000 barrels per day,".

Presenting the characteristics of the new field, Mosconi said that it was an offshore exploitation, which would use pipelines to carry crude oil to an oil terminal.

"The Moho-Bilondo Field is an offshore field. The crude oil, which will be taken out, will not be processed there. It will be carried to Djeno terminal, where we have set up processing facilities," he added.

"Losses between 20,000 to 25,000 barrels/day have been recorded on the N'gossa site. For our part, outside N'gossa, we intend to produce 100,000 barrels/day in Congo, thus reinforcing the national total production," he added.

The exploitation of the Moho-Bilondo is expected to increase Congo's production from 240,000 barrels/day to 330,000 barrels, thus putting the country among the main oil producers on the continent.