Cameroon Oil and Gas Report - Business Monitor International - Industry Reports

Cameroon Oil and Gas Report

Cameroon Oil and Gas Report - Business Monitor International - Industry Reports
Cameroon Oil and Gas Report
Published Jul 09, 2016
81 pages — Published Jul 09, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Brent, USD/bbl --.-- --.-- --.-- --.-- --.-- --.-- --.-- e/f = BMI estimate/forecast. Source: National sources, BMI Ongoing exploration provides much-needed upside risk to Cameroon s oil and gas reserves. ...In December ----, Bowleven submitted the Bomono Exploitation Authorisation Application (BEAA) to the Cameroon authorities as planned. As of early ----, the company reported that its extended flow test programme at the Moambe and Zingana wells on Bomono is now complete, with promising results which support plans for initial supply of between -----mn cubic metres of gas per day, geared towards power generation. In April ----, the company secured a one-year extension to the Bomono exploration permit as it seeks approval towards development of the finds. ...We have recently increased our Cameroon oil production forecast as a result of stronger-than-expected oil production growth over ----. We now expect production will continue on a slow, but upward trajectory to above ---,---b/d until ----, with upside risks based on pending development plans.

...We have left our oil and gas reserves forecasts unchanged this quarter. Recent exploration activities announced drilling programmes confirm our expectation that Cameroon stands to benefit from companies refocusing investments towards more proven and shallow-water offshore plays. ...The Moambe and Zingana wells were tested in ---- and a discovery was made. As of early ----, the company reported that its extended flow test program at the Moambe and Zingana wells on Bomono is now complete, with promising results which support plans for initial supply of between -----mn cubic metres of gas per day, geared towards power generation. In April ----, the company secured a one-year extension to the Bomono exploration permit as it seeks approval towards development of the finds. ...In February ----, Victoria Oil and Gas further expanded its presence in the area by reaching an agreement with Glencore Exploration Cameroon Limited and Afex Global Limited to acquire a -- interest in Cameroon s Matanda PSC, with AFEX retaining a -- share. The North Matanda field is estimated to hold an estimated P-- gas-in-place volume of -.- Tcf and of ---

...We maintain our current refining forecast, keeping it unchanged this quarter. There are no updates on progress toward the Limbe refinery expansion plans. ...

  
Source:
Document ID
2044-5814
Country
Industry
Format:
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Cameroon Oil and Gas Report" Jul 09, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Cameroon-Oil-and-Gas-Report-2026-1245>
  
APA:
Business Monitor International - Industry Reports. (2016). Cameroon Oil and Gas Report Jul 09, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Cameroon-Oil-and-Gas-Report-2026-1245>
  
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