(Business in Cameroon) - The Scotish company Dana Petroleum, head of the Dana Petroleum Cameroon Limited / Madison Cameroon Oil & Gas Ltd / Softrock Oil & Gas Limited consortium, which signed in June 2012 the very first oil contract on the Cameroonian peninsula of Bakassi, will drill, in April 2016, two exploratory wells on the Bakassi West block, which covers 387.5 km2 in the Rio del Rey basin. The information was revealed by the Société Nationale des Hydrocarbures (SNH), the secular arm of the Cameroonian State in the oil sector.
 
The two drills, we learned, are part of the exploration programme of the consortium led by Dana Petroleum on this block. Indeed, by signing in June 2012 its contract on Bakassi West with the Cameroonian State, the Scottish oil and gas operator and its partners had given themselves a first period of 4 years for the capture, analysis and interpretation of data collected over an area of 250 km2, and to drill 2 exploratory wells, with a firm one and an optional one.

According to the contract signed with SNH, depending on the results obtained during this first period, the programme of activities could be extended over 2 other additional periods of 2 years each, during which the capture and processing of 100 km2 of seismic 2D data and the drilling of at least one exploratory well per period. The total minimum investment corresponding to three periods of 8 years overall is USD 71 million, equivalent to FCfa 37 billion.
BRM