Cameroon Searching for Oil in Deeper Wells of Douala Basin

YAOUNDE, Cameroon (Dow Jones Newswires), October 6, 2008

An official of Cameroon's state-run National Hydrocarbons Corporation, or SNH, said Sunday the company is searching for oil from deeper wells within the West African nation's main oil-producing region of the Douala basin.

The Douala basin is located in Cameroon's south-western region on the Atlantic coast of the Gulf of Guinea.

"In the Rio del Rey, where we're already producing oil, we've only been drilling from the shallow surface. We're working possibilities to start searching deeper to see how much we can have from there," said SNH's Director of Exploration Simon Tamfu.

Officially, Cameroon produces around 85,000 barrels of oil a day.

Tamfu had earlier told Dow Jones Newswires his company is prospecting to start drilling oil in the country's northern region, which is next to neighboring wells of the Chad-Cameroon Pipeline. It will be the first time such operations will take place in Cameroon, as all its oil is currently being drilled in the southern region. 

Copyright (c) 2008 Dow Jones & Company, Inc.

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