- NewAge in Cameroon
Operator NewAge (30%) Other Participants Lukoil (30%)
Euroil (Bowleven) (20%)
Discoveries Etinde gas condensate field (multiple reservoirs) Work programme Appraisal and development.
Final investment decision pending.
- NewAge in Cameroon timeline
2013Etinde Permit licence interest of 25% acquired2013Etinde IM-5 well test proves new production horizon2014Etinde Exploitation Authorisation Application approved by government2015Transfer of operatorship completed2017FID planned
Etinde (former Block 7) has been extensively explored and 15 exploration and appraisal wells have been drilled since 1967, of which 13 discovered hydrocarbons. Four separate reservoirs are proven producers: Biafra, Upper Isongo, Intra-Isongo and Middle Isongo. Although the Intra-Isongo sands have only been drilled by one penetration, this zone contains thick, high quality sands, which extend across the block. Delineating and extending this important discovery will be a key objective of the future work plan.
Our project is at the development phase to optimize development of the Etinde Permit and options to monetize gas resources. Full development of the Etinde Field will deliver a world-class production asset exporting gas, oil and condensate whilst ensuring the viability of two key objectives of the Cameroon Government: establishing domestic fertilizer production and initiating an LNG project.
Schematic showing the possible development of Etinde to export oil, condensate and LNG, and also supply gas for fertilizer production.