Victoria Finds More Customers for Cameroon Gas

Printer Friendly Version
Email this Page

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

Printer Friendly Version
Email this Page

WHAT DO YOU THINK?

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
 -  Jura Posts Test Results for Reti-2 Wel... (May 28)
 -  AMEC Foster Wheeler Bags Pre-FEED Cont... (May 28)
 -  DNO Announces Production Increase at T... (May 28)
 -  NPD Grants Det Norske Drilling Permit ... (May 28)
 -  DNV Appoints New CEO, Who Warns of Tou... (May 28)


Most Popular Articles

From the Career Center
Jobs that may interest you
Reservoir Engineer- Reserves
Expertise: Reservoir Engineering
Location: Houston, TX
 
Business Unit Manager - Laboratory Testing - Oil & Gas
Expertise: Asset Integrity Engineer|Certification Engineer|Reservoir Engineering
Location: Houston, 
 
Senior Reservoir Engineer, Oil Company
Expertise: Reservoir Engineering
Location: Texas, TX
 
search for more jobs

Brent Crude Oil : $62.58/BBL 0.83%
Light Crude Oil : $57.68/BBL 0.05%
Natural Gas : $2.71/MMBtu 3.90%
Updated in last 24 hours