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Cameroon Oil and Gas Market: New industry data published

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Cameroon Oil and Gas Report Q1 2014 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-02 11:56:03
While Cameroon´s near-term oil production outlook is somewhat uncertain, there are projects capable of delivering modest volume growth over the medium-to-long term. More efficient usage of associated gas, through the limitation of flaring and the development of domestic resources, offers prospects for sustainable growth in the upstream gas segment, with potential output available for domestic use, power generation and eventually for export as liquefied natural gas (LNG).

The main trends and developments we highlight for Cameroon´s oil and gas sector are as follows:

- BMI expects growth in crude production to be somewhat irregular over the next decade, with output of an estimated 63,000 barrels per day (b/d) in 2012 peaking at just under 87,000b/d in 2015. This uncertain growth outlook is based on a small number of modest new projects, which are only capable of temporarily offsetting the underlying decline of older fields. The Cameroonian government has estimated that domestic oil production will average nearly 79,000b/d in 2013.

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