Victoria Finds More Customers for Cameroon Gas

West Africa-focused Victoria Oil & Gas (VOG) announced Wednesday that 15 customers are now taking gas from its Logbaba field in Cameroon. The firm said that since its last update in mid-December a further four customers have been commissioned and begun gas consumption, while another 10 contracted customers are awaiting conversion of their facilities to take gas.

VOG said that weighted average production is currently 2.8 million standard cubic feet per day for a standard operating week. The company, through its wholly-owned subsidiary Rodeo Development, holds a 95-percent interest in Logbaba and is the operator.

VOG added that it has identified more than 60 prospects for gas as well as on-site gas-fired power demand along the existing and planned route of its pipeline.

The firm also announced that Societe Generale has committed to a lending facility of $15 million, which VOG believes will satisfy a substantial part of its future funding requirements.


 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Circle Oil Agrees Repayment Extension (Jun 24)
 -  MOL Group Makes Pakistan Gas Discovery (Jun 24)
 -  Statoil to Launch Training Tool for 50... (Jun 24)
 -  Atkins Wins Engineering Support Servic... (Jun 23)
 -  NZEC Plans to Boost Exploration, Appra... (Jun 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Drilling Superintendent, International Rotation
Expertise: Drilling Manager|Drilling Superintendent|Petroleum Engineering
Location: Houston
 
Asset Integrity Engineer
Expertise: Petroleum Engineering
Location: Texas, United States, TX
 
Drilling & Completions Engineer Job
Expertise: Drilling Engineering|Petroleum Engineering|Workover or Completion
Location: Houston, TX
 
search for more jobs

Light Crude Oil : $50.11/BBL 1.99%
Natural Gas : $2.69/MMBtu 0.74%
Brent Crude Oil : $50.91/BBL 2.06%
Updated in last 24 hours