Cameroon

Perenco, Paris, will purchase Total of France’s 75.8% equity interest in Total E&P Cameroun, which produces 40,000 b/d including 8,000 b/d of equity production in Cameroon.

By OGJ editors
HOUSTON, Nov. 10
– Perenco, Paris, will purchase Total of France’s 75.8% equity interest in Total E&P Cameroun, which produces 40,000 b/d including 8,000 b/d of equity production in Cameroon.

The deal is subject to approval by Cameroon authorities. Total will maintain its refining and oil products distribution in Cameroon.

The other shareholders in Total E&P Cameroun are Cameroon’s state Soc. Nationale des Hydrocarbures 20%, and Paris Orleans-Groupe Rotchshild 4.2%.

Perenco, a long-time participant in Cameroon, has developed new reserves off Kribi and is working on a project to enhance gas value.

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