Approvals last night5 Feb 2026 08:02
From Facebook: It is now official: the signing of the Unitisation Agreement for the joint exploitation of the Yoyo -Yolanda cross-border gas field between Cameroon and Equatorial Guinea by Chevron (Noble Energy) marks a decisive turning point toward the effective launch of this major project.
During a working visit to Equatorial Guinea, Professor Fuh Calistus Gentry, Minister of Mines, Industry and Technological Development (ai), signed this historic agreement on 3 February with the Vice President of the host country, His Excellency Nguema Obiang Mangue.
The synergy of actions initiated by the Heads of State of both nations represents a historic milestone. This strategic cooperation process aims to strengthen their regional positioning and ensure equitable collaboration between the two countries.
By way of reminder, the natural gas accumulation is located offshore at depths ranging between 2,300 and 2,800 metres below sea level, extending approximately 34.7 km in length and 1.2 to 5 km in width.
It is important to note that the resources shared between the two countries, 84% for Cameroon and 16% for Equatorial Guinea, are estimated at 2.5 TCF (70.5 BCM).
Following the signing of this agreement, several developments are expected, including the installation of a natural gas processing platform within the Yoyo CPP perimeter, the drilling of development wells, the construction of export pipelines, and the final processing of gas carried out separately at Punta Europa and Bipaga.
For the record, the bilateral agreement establishing the legal framework for this cooperation was signed by the two Heads of State in 2023. Today, the signing of this Unitisation Agreement marks a significant step forward toward the rational and equitable management of the gas field. The next milestone will be the signing of the Operating Agreement.
Celcom./-
Note the ministry of mines has signed off on the above deal on 3 Feb. This means the cabinet is up and running - which is what we have been waiting for. Also means this deal was always going to complete first which will then in turn allow the approval of the TRP deal. I expect this to start to progress rapidly now. Announcement soon I expect 👀
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