Another blue day, or is it just the spread doing the Hot Shoe Shuffle? Still, at least the ask has narrowed after all this time to attract new punters. On my return from the latest VOG Prayer meeting at the parish hall I looked up at the church weathercock, which pointed towards our local Nearly There hostelry. I reminded an elderly burgher that its time to buy more Velcro as it's time to strap in for VOG lift off.
Apparently a new hydrocarbons distributor has just set up in Cameroon and they particularly want to target the domestic gas market with their own branded product. Maybe VOG could supply them as I doubt they want to buy off the existing players.
"The oil product distribution sector in Cameroon has just welcomed a new operator Société des Produits Pétroliers du Cameroun (Sopropec), which just launched its activities with an initial capital of 500 million FCFA.
Sopropec enters an increasingly competitive market where national operators, apart from Tradex, Société nationale des hydrocarbures’s (SNH) subsidiary, are struggling to challenge multinationals such as Total, the current market leader.
Directed by Loïc Fokou Fongang, Sopropec also plans to distribute asphalt, aviation fuel, fuel oil, Phyto sanitation products and create its own brand of domestic gas."
Personally, I believe we will see a fair bit of news in the coming weeks/months. Increasing the capacity of the processing plant is a high priority. This can be done in a number of ways but I reckon a modular approach is probably the safest. Once the inrease in capacity is there, they can strike the deal for the third power station. CNG and additional hook ups must be on the cards near term also. IMO
For the 2015-2016 period, Gaz du Cameroun (GDC) plans to increase production by drilling two new wells in the Logbaba gas field, which was developed in the suburbs of Douala by its parent company, the British oil company, Victoria Oil & Gas (VOG). According to GDC Business Development Director Henri Serge Job, the first well will be drilled in late 2015, while the second will be drilled in 2016. Without specifying the amount of the investment, Mr. Job indicated that the funds will be used to address Cameroon manufacturing companies’ growing demand for natural gas.
Banjomick . Interesting on page 27 . The go ahead to build gas storage tank up in Yaoundé . Although relatively small at 1000m3 for domestic gas storage the gas for it is going to have to come from somewhere . Does it mean VOG CNG trucks are going to be on the road shortly??
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