logoBC
Yaoundé - 20 April 2024 -
Energy

While awaiting the mining licence, Cameroon gives one year extension to the Bowleven exploration permit on Bomono

While awaiting the mining licence, Cameroon gives one year extension to the Bowleven exploration permit on Bomono
  • Comments   -   Tuesday, 26 April 2016 14:24

(Business in Cameroon) - The British oil and gas company Bowleven announced, on 22 April 2016 through a communiqué, having obtained from the Cameroonian government a one-year extension of its exploration licence on the Bomono permit, which covers two blocks of 2,328 km in the Douala basin, in onshore Cameroon.

This temporary extension of Bowleven’s licence on Bomono, we officially learned, will help safeguard the interests of the British firm on the area in question, while awaiting the response of the CAmeroonian government to the gas operation request made by Bowleven in November 2015.

The approval request to operate on Bomono was submitted to the Cameroonian authorities before the formal expiry of the mining licence on 12 December 2015. An expiry date which itself comes after a first extension of one year granted by the Cameroonian authorities in December 2014.

As a reminder, on its Bomono licence, Bowleven drilled two wells in 2015. On 8 January 2016, this British firm announced having completed the extended flow tests on these wells christened Moambe and Zingana. “The results to date continue to support the plans for an initial offer in the range of 5 to 6 mmscfd of gas for the production of electricity through a development plan outlined with Actis and Eneo in Cameroon (concessionary company in charge of the electricity service)”, Bowleven has reiterated.

Brice R. Mbodiam

api-signs-key-agreements-to-boost-investor-access-to-economic-zones
The Investment Promotion Agency (API) reached two Memorandums of Understanding with the Port Authority of Kribi (PAK) and the Mission for the Development...
cameroun-repays-cfa39-8bn-debt-with-new-borrowings
On April 17, Cameroon reimbursed CFA39.8 billion on the public securities market of the Central African States Bank (BEAC). Renowned for its solvency...
cemac-raises-cfa4-336tn-in-2023-public-securities-cfa2-5tn-less-than-waemu
In 2023, the six Cemac countries collectively raised CFA4,336.3 billion on the public securities market of the Central African States Bank (Beac),...
cameroon-minister-urges-african-restaurants-to-unite-on-geographic-indications
Fuh Calistus Gentry, the interim Minister of Mines, Industry, and Technological Development, and Country Director of the African Intellectual Property...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »