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Thursday, July 25, 2013
Bowleven reported that the process to integrate the recently-drilled IM-5 well results into the Etinde Exploitation Authorization Application (EEAA) is well progressed. The IM-5 well demonstrates both a sufficient resource base to underpin the fertilizer scheme and resource potential to allow consideration of other schemes.
The company said Cameroonian authorities have requested that the EEAA be expanded to capture other additional gas off-take solutions (including the GDF Suez and SNH Cameroon LNG initiative) prior to submission. These schemes are in addition to Stage I of the Etinde development project which is based on supplying 70 Mmscf/d of dry gas to a planned fertilizer plant in Cameroon and for which Gas Sales Agreement (GSA) negotiations have commenced.
The Cameroon authorities have indicated that an early grant of the Exploitation Authorization is a priority and consequently, in line with timescales outlined by SNH, the final EEAA submission is planned for late Q3/Q4 2013.
Kevin Hart, chief executive of Bowleven, said: “Good progress continues to be made on our path to development in Cameroon. We are focused on the planned phased development of Etinde and with the EEAA progressing well, we are on track for FID.”
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