Monday 22 January 2018

CGG announced today that it has an agreement with Société Nationale des Hydrocarbures (SNH), the National Oil and Gas Company of Cameroon, to promote enhanced multi-client E&P data packages and interpretative products, in support of Cameroon’s 2018 Onshore & Offshore Licensing Round opened and conducted by SNH for eight free blocks on offer, located in sedimentary basins offshore and onshore Cameroon.

The Licensing Round opened on 15th January 2018 and will close on 29th June 2018. Roadshows will be held in London on 28th February to 2nd March 2018 and in Houston on 7th to 9th March 2018, with the participation of specialists from both SNH and CGG.

Cameroon is a proven hydrocarbon province with oil and gas production from both the Rio Del Rey (RDR) and Douala/Kribi-Campo (DKC) basins. Significant further opportunities exist for commercial hydrocarbon accumulations in both basins with large tracts of open acreage available, particularly in the DKC basin. Recent new petrophysical and geophysical analyses have identified potential missed opportunities from previous exploration, and there is even more potential for large volumes of hydrocarbons to be present across these increasingly prospective basins.