Deepwater Congo Field Set to Begin Oil Production by Total S.A.

Production from Moho Nord deep offshore project to surge requirement for subsea umbilical, risers and flowlines in Africa

Congo: The production of crude oil has begun from the Moho Nord deep offshore project, which is situated 75 km offshore Pointe-Noire in the Republic of the Congo. The field has a total production capacity of 100,000 barrels of oil equivalent per day. The field is the best example of Total’s deep offshore operational excellence and because of this field, Total has gained a leading position in Africa. As per the President of exploration & production department at Total, the field is expected to help in beefing up cash flow of the group and will surge production of valuable crude from the region.

TechSci Research depicts that such contracts in oil & gas offshore domain in the country will surge employment in petroleum sector even at such low crude oil prices. The projects in the country will be beneficial to the global oil and gas offshore market and will serve as a driver for work force increment. This will lead to an increased requirement of subsea umbilicals, risers and flowlines in the country.

According to released report of TechSci Research, “Global Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market, By Component, By Application, By Region, Competition Forecast and Opportunities, 2011-2021”, the global market for oil & gas SURF is projected to grow at a CAGR of over 12% during 2016-2021. Flowlines dominated global oil & gas SURF market, on account of rising production from offshore fields, which require flowlines to be installed to bring the produced oil and gas from the seabed to the surface processing facility.