News listings

energy-pedia general news

Cameroon flagCameroon

Middle East / Africa >>> Cameroon

Victoria Oil and Gas announces Q2 2021 operational update


04 Aug 2021

Photo - see caption

Victoria Oil & Gas, whose wholly owned subsidiary, Gaz du Cameroun ('GDC') is the onshore gas producer and distributor with operations located in the port city of Douala, Cameroon, has provided shareholders with a brief operations update for the second quarter of 2021.

Summary

  • Sales : Average daily gross gas sales rate for the quarter of 5.4 MMscf/d (Q1 21: 5.2 MMscf/d) of natural gas, plus gross 4,468 bbls (Q1 21: 5,357 bbls) condensate was shipped to customers.
  • La-108 Performance : The well produced a cumulative 0.467 Bcf before it was shut-in to allow us to perform a pressure build up ("PBU").  The other wells are able to satisfy current demand.
  • Matanda : Well planning continues and tendering for long lead items and key equipment and services has commenced.

Roy Kelly, Chief Executive of Victoria Oil & Gas, commented :

'We are very pleased that the team has delivered another solid quarter during which some customers increased organic demand, although we are conscious that we are now heading into August which is usually a slower month. Operationally, I am delighted to report that in June GDC passed one million man-hours without a single Lost Time Incident, a credit to all the staff and contractors.

We are considering adding perforations to well La-108, more than doubling the net pay, and this is being discussed with partners. Such is the depth and pressure difference between the top and bottom of the reservoir that perforating must be done in two stages. Adding perforations could increase the well's productivity, reduce the overall water cut and of course allow us to access all of the well's connected gas volumes.

We look forward to updating shareholders in due course on our various workstreams.'

Click here for full announcement

Source: Victoria Oil & Gas





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 358

Completed Deals

Completed Upstream Deals: 6164

Company Profiles

Current Company Profiles: 2794

Corporate Activity

Current Corporate Activity articles: 3751

Companies Looking

Current number of articles: 448

Company Sales

Current Company Sales articles:1494

Geostudies

Current Geostudies articles: 816

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

SLR Consulting logo
Union Jack Oil 149
energy365
Government of South Australia
OPC
Rose & Assocs 149
Bayphase
KL Publishing
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com