logoBC
Yaoundé - 19 February 2019 -
Hydrocarbons

Cameroon produced 18.82mln barrels of crude oil, in January-September 2018

Cameroon produced 18.82mln barrels of crude oil, in January-September 2018
  • Comments   -   Wednesday, 05 December 2018 13:38

(Business in Cameroon) - Over the first nine months of this year, Cameroon’s crude output stood at 18.82 million barrels, the national oil company (SNH) announced at the end of a Board meeting December 4, in Yaoundé.

According to the company, the whole year’s target was 25.50 million barrels, down 8.04% compared to last year, due to normal decline on producing fields.

Meanwhile, natural gas output reached 1.188 billion m3 with a year-target of 1.864 billion m3, up 373.99% compared to 2017. The increase, SNH said, is the result of the entry into production of FLNG Hilli Episeyo located offshore Kribi, Southern region.

The company welcomes positive results achieved under the deployment of its Action Plan, in a contrasting environment. This helped revive operation/production activities that were once affected by the decline in oil prices.

SNH forecasts related investments to stand at $324.29 million, an increase by 65.62% compared to 2017.

Sylvain Andzongo

Mags frontpage


Business in Cameroon n72: February 2019

Breeders’ resilience despite diffculties

2019, President Biya’s roadmap



Investir au Cameroun n82: Fèvrier 2019

La résilience des éleveurs en dépit des diffcultés

2019, la feuille de route du Président Biya