Total to push ahead with major African projects

摘要

TOTAL'S MAJOR OIL and gas projects in Africa will not be stopped by the sudden fall in crude oil prices and will help the French company meet its long-term production targets, a top executive said recently. Total has bet on a string of African projects such as Egina in Nigeria, Kaombo in Angola and Moho in the Republic of Congo to help it boost production to a target of 2.8mn boed in 2017. These are West African projects in deep and ultra-deep water - an area where Total is a self-proclaimed specialist but that require costly technologies.