New licence in onshore Cameroon

Source: www.gulfoilandgas.com 12/13/2007, Location: Africa

The company's wholly owned subsidiary, Euroil Ltd, has been awarded a new licence in onshore Cameroon. A production sharing contract has been completed for the Bomono Permit, comprising Blocks OLHP-1 and OLHP-2 and extending to approximately 2,328 Km2 in the Douala/Kribi Campo Basin. The Bomono Permit, which contains numerous active oil seeps, has not been actively explored since the 1980's. The last wells, which were drilled in the 1950's (without the benefit of modern seismic), proved gas and condensate in the Permit, but were unable to address the significant oil potential which the company believes to be present.

Extension of exploration period on Etinde Permit
The company has received formal confirmation from the Government of Cameroon that The exploration period for the Etinde Permit in offshore Cameroon has been extended for a further period of 18 months to September 2009.


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Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


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