(Business in Cameroon) - Société nationale des hydrocarbures (SNH) has just announced that Cameroon’s natural gas reserves have been revalued, rising from 144 billion to 154 cubic metres. This 10 billion metric cube increase follows several prospecting exercises conducted in some of the country’s oil and gas fields by operators under contract with the State of Cameroon.
This increase in natural gas reserves follows an explosion in the production of this natural resource in Cameroon since the start of 2014. Indeed, according to SNH figures, gas production “reached 4.343 million cubic feet in the first four months of 2014, compared to 93.4 million cubic feet for the same period in 2013.”
This flurry of activity in the gas sector in Cameroon is due to the Sanaga South field, where production is constantly growing and also in the Logbaba field being mined by Rodeo Development, a subsidiary of the British company, Victoria Oil & Gas, led to the opening of the very first Sub-Saharan natural gas processing plant in November 2014 in Douala.