August 2001
Special Focus

Africa: Cameroon

Aug. 2001 Vol. 222 No. 8  International Outlook AFRICA Cameroon


Aug. 2001 Vol. 222 No. 8 
International Outlook

AFRICA

Cameroon

Fig 1

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Oil production fell 5%, to 113,287 bopd in 2000 and, according to Wood Mackenzie, it may drop a further 50% by 2005. Although the Bakassi Peninsula may contain significant oil reserves, operations in the area have been suspended, due to territorial disputes with Nigeria.

Fusion Oil and SNH signed an exploration contract for the MLHP-1 and MLHP-2 tracts, in the Douala / Kribi-Campo basin. No bids were received for Logone Birni basin onshore blocks, despite a three-month extension of the country’s third licensing round, and revised oil and gas exploration laws. Hence, the country has adopted a new open-door policy. SNH granted RSM Production exclusive E&P rights for the Logbaba gas field. The block has four shut-in wells, with estimated recoverable reserves of 80 Bcf of gas and 16 MMbbl of condensate. WO

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