An independent oil and gas exploration and production company. Their main projects are based with in Africa and the FSU. Their biggest producing asset (as of the beginning of 2012) is Logababa which is in Cameroon.
With a new build surely it is easier to take the power plant to the gas as opposed taking the gas to the plant, would cost millions to take it to Edea, makes Dibamba look like a walk in the park.
Why would you build a power station there if there is no fuel for it? That is what I cannot comprehend. There are existing transmission lines direct to Edea from Kribi and hydro electric power there now. Does not make sense to me. Time will tell.
Interesting posts Here's a slightly better version. It talks of up to 300mw. Apologies if posted before. http://www.businessincameroon.com/energy/2209-5645-norway-cameroon-consortium-to-build-power-plant-in-edea Looking at the map VOG are in the best position with the shortest pipelaying requirements of around 25-30 km and only 1 river to cross. BLVN wells are 80 km away in a straight line and need to cross 3 rivers, assuming they don't use any of VOG's pipe, 2 if they do. Both companies have to prove they have sufficient gas, need to build or expand processing plants and BLVN needs a licence, I believe. I can't see this power plant being up and running in under 2 years. VOG have about 45 bcf of proven gas left which isn't enough to satisfy their current commitments if they extend the current power contracts. Plenty of unproven gas in theory. It will be interesting to see where they decide to drill the second well as they may not twin the second untwinned well. I thought from the RNS that they might be planning to drill the anomoly if they can overcome the problems of it being a residential area. The clock's ticking on the exploration licence.
New power plant
Great informative posts, thanks guys. VOG seems to have a strong leader position in Douala. Extremely well positioned to profit from further developments.
New power plant
Many thanks guys, GozoMike , dan-de-lion & jointhedots for all this information on /about the new power plant. I guess most of this must be true otherwise it wouldn’t have got to the press stage. I cannot imagine any company signing any contracts to build such a plant without first some sort of G/tee the supply of gas to run, ok they haven’t at this stage announced where the gas is coming from but they must have seen G/teed information about ample supply of gas to run for many years otherwise it would just be a white elephant and thrown money down the drain. So with luck could be good news for us at some stage .
Dash for gas maybe
Yes, aware of all that. Much of it has been posted on VOG site on LSE since November 2013. We are still waiting for the last Grenor project to materialise. Gas for the power station? Cannot be from the new proposed hydrocarbon pipeline from Limbe to Douala starting 2017 which goes on to Edea afterwards then Yaunde 315 kms later. That will not be ready in time. Who else has gas ready to sell now? VOG have, but do Bowleven? They have not released results from their 2 drills, which are still under test. More questions than answers still. Very little info on Grenor SA available but I have sent a few emails asking for clarification of various things and will update if I get any answers.
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