Cameroon

Victoria Oil & Gas PLC expects to spud a well in mid-July to develop Logbaba gas-condensate field in the city of Douala, Cameroon.

July 9, 2009

By OGJ editors
HOUSTON, July 9 – Victoria Oil & Gas PLC expects to spud a well in mid-July to develop Logbaba gas-condensate field in the city of Douala, Cameroon.

Logbaba, discovered in the 1950s, has independently assessed proved and probable reserves of 104 bcf. Industrial customers are to take up to 8 MMcfd.

The development plan calls for drilling one new well to 10,000 ft, build a 12 MMcfd gas processing plant, and lay 15 km of 16-in. pipeline to the users. A second well would be drilled later. Production is to start in 2010.