A presidential decree signed on February 6, 2015 grants “exclusive rights to hydrocarbon gas mining” on a 460.5 km2 stretch of Etindé, off the coast of Cameroon, to the British company, New Age, through its local subsidiary, Camop (Cameroon Offshore Petroleum Ltd.). The British company is partnered with the Russian company, Lukoil, on the project. Each company has a 30% stake, while Cameroon companies Euroil and Société nationale des hydrocarbures (SNH) each has a 20% stake in the project.

This exclusivity is “valid for a period of 20 years and may be renewed only once for a period of 10 years, at the request of the interested party.”

The presidential decree stipulates that exclusivity also relies on the completion of “the construction of a chemical fertiliser factory to be supplied with natural gas for at least 20 years and natural gas liquefaction with a production plateau of 600 million cubic feet per day.”