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Cameroon's Douala Basin has long been seen as the country's secondary exploration focus, with production and reserves very much subordinate to Cameroon's section of the Niger Delta Basin fields. Most of the early discoveries in the basin were gas with small volumes of associated liquids, and these remained undeveloped for decades due to the lack of a local gas market. However, the government is keen to monetise gas discoveries, and in September 2015 Golar LNG announced FID on the Cameroon floating LNG project (GoFLNG). First LNG is expected in 2017 with feedstock from Perenco's Ebome Marine fields in the southern part of the Douala Basin, and this project might create monetisation possibilities for other offshore gas-rich discoveries. Furthermore, Bowleven is looking for commercialisation options for two gas discoveries it made in 2015 in the onshore part of the basin, and growth of the domestic gas market would be a positive development for other prospects in the basin.
Oil and gas exploration is an industry in constant motion, from technological breakthroughs to shifting supply and demand. The high costs of finding and developing new oil and gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.
This Exploration Basin report provides a detailed analysis of exploration of this basin, including discovery and development costs, location maps and information about licensing and fiscal terms. You'll also find information about discovery and development costs and full-cycle returns.
Explorers and advisors can use this report to understand the history and potential value of this basin.
Wood Mackenzie has access to historic data for over 450 basins and forecasts for more than 125 basins. We provide accurate information on the cost of exploration compared to the value of discoveries so that you can develop profitable strategies.
Our in-depth analysis gives you the information you need to navigate the ever-changing challenges of oil and gas exploration so you can make critical commercial decisions.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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Asset report | Apr 2016
Cameroon Douala exploration basin
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