The first offshore oil production in Cameroon began in 1977, and the country’s annual production has fallen steadily since 1985. The decline in oil production is also expected to continue into the future as the oil reserves diminish.
How does Cameroon supply oil & gas products?
The supply and distribution chain of oil and gas products usually goes through refining, storage, transportation and distribution. In Cameroon, the supply of refined oil products is carried out using two methods, local production or direct import.
Who is the largest oil company in Cameroon?
Perenco is now the largest operator in Cameroon in term of production, with an operating area in the Rio del Rey and Douala basins, with oil and gas production of 85,000 boepd (51,000 barrels per day and 24 million m 3 of gas per day).
What is the oil industry like in Cameroon?
Oil exploration and exploitation is done by companies such as Pecten, Elf Serepca, Shell, all based in Douala. Cameroon does not market all its crude oil. There is an oil refinery company, SONARA, based in Limbe. For an oil producing country, the passing of oil and gas regulations is very important.