Cameroon State Oil Firm SNH Launches Oil Licensing Round

Reuters

DAKAR/YAOUNDE, Jan 21 (Reuters) – Cameroon, a neighbour of top African oil producer Nigeria, has opened a new bidding round for four oil blocks, its state oil firm SNH said on its website on Tuesday.

The Central African country currently pumps less than 100,000 barrels per day, far below its peak of 185,000 bpd in the mid-1980s.

Sinopec unit Addax and French oil firm Perenco are producing while Kosmos is exploring.

SNH said the licensing round was for the Bomana, Lungahe and Ndian River blocks in the Rio del Rey Basin and the Manyu block in the Mamfe Basin.

They include onshore and offshore acreage.

The deadline for submissions is June 26 and the results will be released in mid-July, SNH said. New production-sharing contracts will be signed for an initial period of 3-5 years, it added.

(Reporting by Emma Farge and Tansa Musa; editing by Jason Neely)

 

Copyright 2017 Thomson Reuters. Click for Restrictions.

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