Victoria Oil & Gas begins Logbaba gas field drilling

The British oil and gas operator Victoria Oil & Gas (VOG), which is developing the Logbaba gas field in Cameroon, through its subsidiary Gaz du Cameroun (GDC), has awarded the drilling work of two wells in development in this project to Savannah Oil Services, we learn from reliable sources.

The work that initially should have been completed at the end of this year 2016 has just started, according to our sources and will finally come to an end in the second quarter of 2017, VOG advises.

The drilling of two wells, which are adjacent to the Logbaba natural gas treatment unit, and which will be connected to this plant once the work is completed, will cost around $ 40 million (FCfa 23.6 billion), we learn.

According to the British operator, the work is financed by “revenues from Logbaba and contributions from partners”, of which RSM Production Corporation, which holds 40% share in this project.

However one notes that the revenues of VOG from the Logbaba field have greatly decreased in the 3rd quarter of 2016, since they amount to 4.7 million dollars, against 10.7 million dollars in the same period in 2015. This situation can explain the delay in the effective start of drilling work announced months ago.

As a reminder, it is since the month of July 2016 that VOG officially announced having offloaded at the Douala port, in the Cameroonian economic capital, a platform of more than 2500 tons to be used in drilling the two above-mentioned wells.

The gas produced and treated at Logbaba by the subsidiary of VOG which is GDC, today enables around twenty companies already connected to the pipeline constructed by the British oil and gas operated to be supplied, and is used in the distribution of this increasingly popular fuel in the economic capital of the country.