Cameroon is a politically stable and relatively developed country, located in the middle of the West African hydrocarbon province.Cameroon
Population (2010): 19.6 million
GDP (2010): US$22.0 billion
GNI per capita (2010): US $1,180
Source: The World Bank Group (http://data.worldbank.org/country/cameroon)
Liquid Reserves – Remaining: 0.21 billion barrels
Liquid Production: 53,000 barrels per day
Liquid Reserves/Production: 10.8 years
Source: Wood Mackenzie, Cameroon Country Overview (October 2011)
Cameroon has two main hydrocarbon provinces; the Rio de Rey Basin in the west and the Douala Basin in the south. The two basins are separated by the Cameroon volcanic trend. Most of Cameroon’s known commercial reserves (which are oil) are located in the offshore Rio del Rey Basin.
Gas reserves in Cameroon are substantial, but have not been exploited previously due to a limited gas market. Wood Mackenzie estimates that there are over 3.5 tcf of technical gas reserves available in Cameroon. The government is keen to monetise its gas reserves and in 2009, the government and GdF Suez began a study in the feasibility of an LNG Plant for Cameroon wide gas aggregation. Other options currently being investigated for the monetisation of Cameroon’s gas reserves include; Fertiliser (based at Limbe, adjacent to Bowleven’s Etinde Permit), Methanol, Gas to Power, Small Scale LNG, Gas Reinjection, and the supply of gas direct to industrial users.
Recent exploration has focused on the Douala Basin and the discoveries made have been a combination of gas/condensate and oil fields.