(Business in Cameroon) - According to parent company Victoria Oil & Gas Plc after signing new deals, Gaz du Cameroun (GDC) is well positioned to increase its production.
These new agreements have been established with AES-Sonel which will be going from heavy fuel oil to gas to supply electricity to the Dangote cement factory which will be using 0.4 to 0.5 thermal gas mmscf per day and the SOCAVER factory which can use up to 0.4 mmscsfs per day.
The oil and gas company also noted the positive responses its 4.1 million-dollar (around 2 billion FCfa) call for tenders has received from the RSM. “It’s a major step for us to supply gas to the nation’s top electricity providers,” stated Managing Director Kevin Foo (photo to the right) while highlighting that the company’s team of engineers will work with AES-Sonel to set-up a suitable conversion programme.
Victoria Oil & Gas Plc has its main assets in the Logbaba gas field in Cameroon and in the West Medvezhye oil and gas projects in Russia.