extraction

gas cameruna search for an extraction platform development partner

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 Littoral 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 that 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, which covers an area of 1,196 billion cubic feet, is divided between onshore (70% of the total area) and offshore (in shallow water), has a capacity of 1,196 billion cubic feet 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. what do you want to do now? Do you want to stay in Europe with a recession just around the corner, galloping inflation and rising gas and electricity costs and a shortage of raw materials, or do you want to get in touch with us to develop your business opportunity in Central Africa? If you would like to know more, fill out the form below and one of our consultants will contact you within 24 hours africaaedic.eu

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