(Business in Cameroon) - Based in Victoria in the Seychelles, the Orion Oil and Gas has just opened a branch in Douala on June 25, 2015. The extraordinary general assembly which took this decision also appointed Mr. Peihui Zhu as the company’s representative in Cameroon.

The new operator enters an oil and gas exploration and mining market that has been particularly dynamic since last year with the launch of new fields and the signature or the prorogation of several permits in the country’s oil producing basins.

The Cameroonian oil sector, upstream, is dominated by the French companies Perenco and Total. In the last years, other investors have come on the scene, such as Britain’s Bowleven, Victoria Oil & Gas, Russia’s Lukoil and China’s Addax Pétroleum and Orion Energy Holding.