Petroleum Africa
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Friday, March 8, 2013
More West African acreage has come on the market as Cameroon launched a new licensing round. The new round incorporates onshore and offshore blocks in previously explored and frontier regions.
Cameroon’s state-run firm, National Hydrocarbons Corporation, Société Nationale des Hydrocarbure (SNH), launched the round on January 14, putting up five blocks from three areas; Lungahe, Bomana and Dissoni in the Rio del Rey Basin, Kombe-Nsepe in the Douala/Kribi-Campo Basin, and Manyu in the Mamfe Basin.
Lungahe, Bomana and Dissoni are located in shallow waters in an established oil producing region and surrounding the Kole/Bavo-Asoma production hub. These blocks are covered by 3D seismic and contain existing hydrocarbon discoveries including Bomana Marine-1 (1992) in the Bomana block, Idenao Marine-2 (1980) in the Lungahe block, and Njonji-1 (2008) in the Dissoni block.
The Kombe-Nsepe block is located onshore and has 2D vintage seismic with identified leads and discoveries including Souellaba-2 (1955), Kwa Kwa-1X (1958), N’Koudou-1 (1982), Bome-1 (2001), and Mombe-1 (2010).
The inland Manyu block is also covered by forest, including the northern part of the Ejagham Forest Reserve, and has no existing seismic coverage or well data.
The three Rio del Rey Basin blocks, Lungahe, Bomana and Dissoni, are classified as conventional petroleum operations zones under the Cameroon Petroleum Code, whilE Kombe-Nsepe and Manyu qualify as special petroleum operations zones.
Companies interested in the acreage are required to fulfill the pre-qualification requirements as stated in Law No. 99/013 of December 1999 (sections 2 and 7), which include technical and financial capabilities as a prerequisite for consideration of submitted proposals. Proposals will be evaluated on a number of criteria including the technical evaluation of the block, proposed work plan and budget, contractual and fiscal terms and the provision of local content.
Proposals are to be submitted to SNH’s headquarters on June 14, with results expected on July 5.
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