Gas extraction: Gaz du Cameroun is looking for a partner

The aim is to share the costs, risks and benefits of drilling the Matanda gas block.
The Matanda gas company, located between the Coastal and South-West regions, is looking for an international partner.

In a briefing note addressed to its shareholders on its operations in Cameroon, Victoria Oil & Gas, the parent company of Cameroonian operator Gaz du Cameroun, announced that its local subsidiary is still looking for a partner to share the costs, risks and benefits of drilling the Matanda block, which straddles the border between Cameroon's Littoral and Southwest regions.

We have not yet been able to conclude a contract on acceptable terms with the owner of the Chad-based drilling rig we have mentioned in previous publications, so the company is looking for an alternative.

The company (Gaz du Cameroun, a French company) is still unable to conclude a contract on acceptable terms with the owner of the Chad-based rig, mentioned in previous publications, and is therefore looking for an alternative contract. The company is still looking for a partner,' the company said.

The Matanda block, covering an area of 1,196 billion cubic feet, is divided between land
(70% of the total area) and offshore (in shallow water), has a capacity of 1,196 bcm of potential gas resources. In 2021, Gaz du Cameroun was granted a one-year extension to continue exploration operations in this block by the state.

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