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Yaoundé - 20 September 2017 -
Hydrocarbons

Gaz du Cameroun supplies 150 million cubic feet of gas per day to about thirty companies in Douala

Gaz du Cameroun supplies 150 million cubic feet of gas per day to about thirty companies in Douala
  • Comments   -   Saturday, 01 July 2017 15:20

(Business in Cameroon) - Roughly thirty companies connected to the pipeline of the company Gaz du Cameroun (GDC) in the city of Douala, the Cameroonian economic capital, and operating on natural gas instead of electricity, globally consuming 150 million cubic feet every day on a daily basis, revealed the CEO of GDC to Proactive Investors UK, a British platform specialised in financial information.

Ahmet Dik, who has been heading this Cameroonian subsidiary of the British oil and gas firm Victoria Oil & Gas (VOG) for months now, also described as “very positive” the results obtained so far in the ongoing drilling programme for two new wells in the Logbaba gas field. These drills will help increase the production of GDC, to meet the ever-increasing demand in natural gas from companies in the Cameroonian economic capital, who want to break their dependency on often rare electricity.

“This is a difficult drilling program, with two deep wells, with high pressure and high temperature whose drilling was slow and expensive”, indicated the CEO of GDC, before continuing: “our drilling team relentlessly worked to drill less than 2,000 metres, a depth at which only a small number of wells have been successfully drilled in the Douala basin”.

According to Mr Dik, the two above-mentioned wells will be completed during the 3rd quarter of 2017. To achieve this drilling program, GDC had to contract a loan of FCfa 14 billion in 2016 with the Cameroonian subsidiary of BGFI. The funds, we learned, should also contribute to the expansion of the company's pipeline, to connect new companies wishing to use industrial gas instead of electricity.

BRM

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