EX-99.3 4 y01150exv99w3.htm EX-99.3: CONGO MOHO-BILONDO PROJECT EX-99.3
 

(TOTAL LOGO)
Exhibit 99.3
 

 
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(NEWS RELEASE)
Phase 1 of Moho-Bilondo Project Launched in Republic of the Congo
Paris — August 30, 2005 — Total (operator, 53.5%) has received the green light by the Congolese authorities to begin developing the Moho-Bilondo project, located around 80 kilometers offshore in water depths ranging from 600 to 900 meters.
Phase 1 of the Moho-Bilondo development comprises 12 subsea wells-seven producers and five water injectors-tied into a Floating Production Unit (FPU) housing the processing facilities. Expected to peak at 90,000 b/d, production will be exported to the Djéno terminal, which already handles nearly all of the country’s crude oil output. The development is scheduled to come on stream in 2008.
Total E&P Congo’s (53.5%) partners in the Moho-Bilondo permit are Chevron Congo Overseas Ltd. (31.5%) and the Société Nationale des Pétroles du Congo (15%). The percentages indicated take into account the recent acquisition by Total E&P Congo of a 2.5% interest in the Haute-Mer permit that had been previously held by Energy Africa (subsidiary of Tullow Oil).
Total is the country’s biggest foreign investor and leading oil producer, operating around 57% of output.
In 2004, Total produced 813,000 barrels of oil equivalent per day in Africa, its primary hydrocarbon production. The Congo accounted for 91,000 barrels.
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Total is the fourth largest oil and gas company in the world with operations in more than 130 countries. Total’s activities cover the whole energy chain of the petroleum industry: exploration, oil and gas production, refining and marketing, trading and power generation. The Group is also a major player in chemicals. Total has more than 111,000 employees worldwide. More information can be found on the company’s website: www.total.com