Gas spurs Douala Basin exploration

摘要

Independents chase gas in a revival of Cameroon and Equatorial Guinea activity. Since 2002,14 new-field wildcats have been drilled in the Douala Basin, with 40% success in finding hydrocarbons, mainly gas and condensate in Miocene sandstone reservoirs. In 2007 alone, four out of six were positive. The Douala Basin covers some 10,232 sq miles (26,500 sq km). About 70% is located offshore, half of which in deep water. The basin lays mainly onshore and offshore Cameroon. But to the west and southwest, the basin extends into the territorial waters of Equatorial Guinea.