Cameroon FLNG: Hilli Episeyo ships first FLNG cargo

The Hilli Episeyo FLNG project has exported its first LNG cargo, destined for China, and is on the way to producing its second cargo. It is the first FLNG project to take off in Africa and could pave the way for future projects in Equatorial Guinea (Ophir's Fortuna project) and Mauritania (BP/Kosmos). FLNG technology was been pursued by Golar after the cost of land based LNG projects soared. Golar has been converting old LNG tankers into...

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Bowleven Bomono farm-out

Bowleven and Victoria Oil & Gas ("VOG") have signed a farm-out agreement relating to the Bomono production sharing contract. VOG is a domestic Cameroon gas supplier, and gas upcoming production from Bomono fits in with its strategy of expanding local supply. Bowleven will retain a 20% operated interest in the Bomono PSC and VOG will have an 80% interest. Bowleven will receive £100,000 worth of new ordinary shares in VOG and a 3.5% royalty...

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Victoria Oil & Gas: Cameroon's emerging integrated utility

Victoria Oil & Gas is an AIM listed E&P with a 60% WI in the Logbaba field, Cameroon and an associated infrastructure network that supplies gas to the local market. The company acquired its interest in the Logbaba field in 2008 and drilled its first appraisal well (La-105) on the block in 2009, the first onshore well since the 1950s. First production commenced in 2012 with the roll-out of a distribution pipeline network in 2013 Victoria...

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