(Business in Cameroon) - On September 15, 2015, Yaoundé, the Société nationale des hydrocarbures (SNH), Cameroon’s secular arm for the exploration and exploitation of oil and gas resources, signed with Tower Resources, an AIM-listed and London-based oil and gas exploration company, a product sharing contract. The contract involves the Thali Block, located in the Rio Del Dey basin, offshore Cameroon.

As part of the contract, Tower Resources has been handed over the direction of a project on the Thali block to be carried out over the next three years. Plans for the project include a 3D seismic survey in 2016, followed by drilling taking place in 2017/2018.

In addition to the Thali block, Tower Resources is also interested in the Dissoni block, also located in the Rio Del Rey basin, a sub-basin of the Niger Delta, the Nigerian rich and prolific region. Moreover, let us not forget that, in May 2014, the oil and gas company said they were negotiating with the Cameroonian government a permit to work on this block.

Indeed, Tower Resources thinks that the Dissoni block is adjacent to “other blocks that have a long history in terms of oil production”. For example, the Oak discovery in 2012, in the adjacent Bolongo block, by Glencore, supports Tower Resources’ claim.