Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

  • HOME
  • ADVERTISE WITH US
  • FREE SUBSCRIPTIONS
    • Digital Newsletter
  • MUST READ ARTICLES
  • CONTACT

Perenco, SNH renew offshore Cameroon production sharing contract

Monday, June 12 2023

General – Rio del Rey Basin

Perenco has signed a new 20-year production sharing contract with Société Nationale des Hydrocarbures (SNH) for continued development of the Rio del Rey Basin offshore Cameroon.

Courtesy Perenco.

The basin, which came onstream in the 1970s, accounts for about 70% of Cameroon’s oil production and employs more than 500 people, the company said.

Since Perenco acquired the concession over a decade ago, production has averaged 35,000 bbl/d, with a focus on redeveloping existing infrastructure and other measures to stabilize output.

Perenco first entered Cameroon in 1993 by acquiring the Moudi concession, in association with SNH, and the partnership has since developed numerous oil and gas projects.

In 2018 work began on an LNG development with the FLNG Hilli Episeyo.

Related posts:

  1. Final investment decision for Bacalhau phase 1 in Brazil
  2. McDermott wins mega contract for Tupi riser titanium solution
  3. Start oil production from giant Mero field Brazil
  4. Petrobras confirms oil discovery in presalt Aram Block

Filed Under: Brazil, International News, Oil and Gas, Perenco Tagged With: Brazil, Development, Perenco


Read Magazine Online



Wind and Fossil Info



Event List


  • Offshore Energy Exhibition & Conference 2023
    • 28/11/2023 - 29/11/2023
    • Amsterdam
  • all events

Copyright © Practica Productions - All rights reserved - 2023 cookies