Total Approves $10B Oil Project Off Congo Coast

Law360, New York (March 25, 2013, 3:34 PM EDT) -- Energy giant Total SA on Friday approved $10 billion in plans to develop an oil field off the coast of the Republic of the Congo it expects to eventually churn out 140,000 barrels of oil equivalent a day, cementing its place as the central African nation's top oil producer.

The Moho Nord project, co-owned by Congo's state-owned oil company SNPC and a Chevron Corp. unit, builds on an earlier Congolese oil effort that went on stream five years ago. Total SA expects the new develpment to...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.