Hippotechgroup.com has come up with a list of oil and gas companies in Cameroon. According to the most recent statistics, Cameroon’s crude oil product
Hippotechgroup.com has come up with a list of oil and gas companies in Cameroon.
According to the most recent statistics, Cameroon’s crude oil production rate remains at an all-time low of just over 62,000 barrels per day as of January 2022. Cameroon is the 12th largest producer of oil in Africa and the 48th in the world, with an estimated production rate of 62,000 barrels per day. The country’s production capacity was expected to rise to about 120,000 barrels of oil per day by 2016, which would have put the country firmly in Africa’s top 10, but that target was never reached.
Oil and Gas Companies in Cameroon
Oil production in Cameroon started in 1978, with its peak production in 1985 when Cameroon boosted a daily production rate of 186 000 barrels per day.
The National Hydrocarbons company, known by its French Acronym SNH, is the leading player in the Oil and gas sector in Cameroon. SNH promotes, develops and monitors oil and gas activities throughout the national territory.
According to official figures, SNH contributed no less than 4 688 billion francs to the state coffers between 2010 and 2020. Between 1st January and 30th April, 8.419 million Barrels of Oil were produced.
The following companies, including their subsidiaries, are partners of SNH in the oil and Gas Sector in Cameroon:
- Noble Energy
- Victoria Oil & Gas
- New Age
- Tower Resources
- Yan Chang
SNH is a group of companies holding shares in no less than 12 companies operating in the petroleum, para-petroleum and related sectors. These companies, their specific area of activity and SNH share capital are as indicated below:
- Total Cameroon SA
- Ola Energy Cameroon
- Tradex SA
- Bocom Petroleum SA
- Blessing Petroleum SA
- Gulfin S&T Co
- MRS Holdings
- Green oil SARL
- Petrolex Cameroun SA
- Citizen’s oil
- Neptune oil SA