A Review of the Nigerian Energy Industry

Victoria starts pipeline

Raising derrick04 April 2014 – African utility Victoria Oil & Gas has starting laying 1 kilometre of gas pipeline in Cameroon.

The company’s operating subsidiary Gaz du Cameroun, GDC, has started laying the pipelines which is crossing the Wouri River to Bonaberi.

GDC has finished initial project planning, including environmental and safety analyses and has received all necessary permits for development.

Completion is expected within 40 days.

GDC has already signed 1.03 million cubic feet of gas per day worth of customers in anticipation of the pipeline roll-out.

The company expects that an immediate 2.41 MMcfd of demand is available in the area based on the conversion of thermal boilers from heavy fuel oil to natural gas.

Industry players in the area include palm oil producers, food manufacturers and mixed light industry, all relying on heavy fuel oil.

The company has also reached an agreement with drilling contractors who will work on the Wouri crossing.

Production remained steady at 3.2 MMcfd, with the company expecting operational break even in March.

The company began continuous production operations in 2011 at its 95%-owned and operated Logbaba gas and condensate project
*Bianca Bartucciotto – Upstreamonline

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