A Review of the Nigerian Energy Industry

New Age appraisal well in Cameroon’s Etinde field strikes gas, oil

Location of Etinde oil field, off Cameroon

18 October 2018, News Wires — Privately-held New Age (African Global Energy) said on Thursday its appraisal well to determine the extent of the Etinde field offshore Cameroon was successful.

Partners in the field comprise Bowleven and Lukoil.

“The recently completed second well, IE-4, was targeted 2.8 (kilometres) north west of the discovered IE field … a 12 meter interval of the well was tested at a flow rate of 17.1 (million standard cubic feet of gas per day) and 8,780 (barrels of oil per day),” New Age said.

New Age has 15 oil and gas concessions in Congo-Brazzaville, Cameroon, Nigeria, Ethiopia, Morocco, South Africa and Kurdistan, with so-called 2P reserves of circa 350 million barrels of oil equivalent.

  • Reuters
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