Cameroon

The Etinde Permit has been extensively explored. 18 exploration and appraisal wells have been drilled since 1967, of which 14 discovered hydrocarbons.

The Etinde Permit (former Block 7) lies in shallow water in the Rio del Rey Basin, offshore Cameroon, and comprises four proven reservoir intervals within the Pliocene and Miocene formations.

The principal discoveries lie within the Miocene Isongo formation with the Upper Isongo and Intra Isongo reservoirs having tested wet gas and oil in several wells across the block. The deeper Middle Isongo formation has proven productive in the western part of the block by two wells. A secondary pay interval is the Biafra formation which tested dry gas in very high quality sands in three wells within the Pliocene. In addition to the proven reservoirs, a rich portfolio of undrilled prospects and leads provides significant upside to the future potential of the block.

Following the successful 2018 appraisal campaign, the joint venture has moved the Etinde project to a development planning phase. Several development screening concept studies are now underway to optimise the development of the Etinde Field, with the aim of agreeing development concept selection with all stakeholders during 2019. A Final Investment Decision is expected by early 2020, with first production envisaged in 2022.

Etinde

Discoveries made to date

Conceptual field development scenario

Cameroon

Etinde

Operator

NewAge (37.5%)

Other Participants

Lukoil (37.5%)
Euroil (Bowleven) (25%)

Discoveries

Etinde gas condensate field (multiple reservoirs)

Work programme

Appraisal and development.
Final investment decision pending.

Drilling ESIA Stakeholder Engagement

Sensitisation campaign, Debunscha School

IE-4 well test

Deputy Director for Hydrocarbons visiting NewAge stand at Promote Trade & Exhibition Fair

New Age in Cameroon

2012
Etinde Permit licence interest of 25% acquired
2013
Etinde IM-5 well test proves new production horizon
2014
Etinde Exclusive Exploration Authorisation Application (EEAA) approved by government
2015
Transfer of operatorship completed. Lukoil farm-in approved
2018
Drill and complete IM-6 and IE-4 appraisal wells2019
Etinde Development pre-FEED and FEED studies