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Pin to quick picksBowleven Share News (BLVN)

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CORRECTED-Cameroon oil production to pass 82,000 bpd in 2014 -SNH

Thu, 27th Feb 2014 20:20

(Removes reference to Kosmos in paragraph 5 as it no longeroperates in Cameroon)

YAOUNDE, Feb 27 (Reuters) - Cameroon's 25 percent increasein oil production in 2014 will take daily output to just over82,000 barrels of oil per day (bpd), the SNH state oil companysaid on Thursday.

The increase is driven by the November 2013 start of oilproduction from the Mvia offshore oil field in theDouala-Kribi-Campo basin. However, output is well down levels ofaround 185,000 bpd in the mid 1980s.

"In 2014, Cameroon aims to produce around 30 millionbarrels, over 6 million barrels more than the previous year,"SNH said in a statement.

Oil accounts for 39 percent of exports and close to 45percent of foreign exchange earnings in the Central Africannation, according to the World Bank.

London-listed Bowleven, Sinopec unit AddaxPetroleum and French oil firm Perenco operate in thecountry.

Cameroon has launched a new bidding round for four oilblocks for the Bomana, Lungahe and Ndian River blocks in the Riodel Rey Basin and the Manyu block in the Mamfe Basin.

The deadline for submissions is June 26 and the results willbe released in mid-July. (Reporting Tansa Musa; Writing by David Lewis; Editing by EmmaFarge and David Evans)

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6 Feb 2014 12:50

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Africa-focused oil and gas exploration group Bowleven saw its shares edge ahead after it revealed it has submitted an exploration application relating to its three blocks offshore Cameroon, West Africa. The company's Etinde Exploration Authorisation Application (EEAA) covers the Etinde Permit area

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6 Feb 2014 12:25

Bowleven Awaits Response On Etinde Exploitation Application

LONDON (Alliance News) - Bowleven PLC Thursday said it is awaiting a response to its Etinde Exploitation Authorisation Application from the Cameroon authorities. The Africa focused oil and gas exploration company said the Ministry of Mines in Cameroon has confirmed receipt of the applicatio

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6 Feb 2014 08:32

UK MORNING BRIEFING: Vodafone Gains, AstraZeneca Falls At Open

LONDON (Alliance News) - Vodafone has delivered results in line with expectations Thursday morning, helping to give UK share a positive start. Vodafone is up 1.4%.

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Cameroon's SNH sees crude output up 25 percent in 2014

YAOUNDE, Jan 28 (Reuters) - Cameroon's crude oil output is expected to increase by 25 percent in 2014 compared with the previous year as production from new fields come onstream, state oil company National Hydrocarbons Corporation (SNH), said on Tuesday. The Central African country, which b

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