CAMEROON - OIL AND GAS: A NEW DEPOSIT DISCOVERED BY ADDAX PETROLEUM

The discovery was made ​​after the drilling of the exploration well offshore-1X Padouk, Iroko in the block, the Rio del Rey basin.
This is a statement jointly signed by the President of the Cameroon subsidiary of China's Sinopec Group and the Director General of the National Hydrocarbons Corporation (Snh) which gives the information.



"Recoverable reserves (median case) are estimated at 20 million barrels of oil and 200 billion cubic feet of gas. These estimates of recoverable volumes do not include those additional reserves that are identified during the assessment phase in 2013, "wrote Adolphe Moudiki and Yi Zhang. "Addax Petroleum and Snh remain committed to contribute to the enhancement of oil resources in Cameroon, and welcome the fact that the discovery of Padouk-1X has crowned their efforts.



This discovery comes support our strategy to reverse the decline in production observed in the field mature Mokoko Abana, and promote long-term increase in production, launching a major program to optimize production in existing fields, but also an ambitious program of exploration and appraisal, "they add.




Well Padouk-1X, which had started drilling July 10, 2012 reached a total depth of 2616 meters before being suspended in September 2012. The well encountered hydrocarbons in six tanks, including 38.6 meters of height Tvd net oil and 65.1 meters high net Tvd gas. Addax Petroleum holds the exclusive license search Iroko exploration permit Ngosso and Mokoko Abana concession in the Rio del Rey basin. A basin that has an average production of 16,000 barrels per day. The Snh believes that domestic oil production could increase from 63,211 b / d at 31 December 2011 to 90,000 b / d at the end of the year 2012.[

url]http://www.camer.be/index1.php?art=21984&rub=12:1[/url]

Stop the stupid propaganda, Rio Del Rey Basin is nowhere near Bakassi!!


[img]http://1.2.3.10/bmi/2.bp..com/-niscFtTi-gc/Tf88LCpNpuI/AAAAAAAAALY/ydLVLpPduBk/s640/Kombe.JPG[/img]

[img]http://1.2.3.11/bmi/4.bp..com/-uSbbNWIPAJM/Tf88KRDux5I/AAAAAAAAALU/0Hgo4lyTTQU/s640/Bowleven+Permits+-+MHLP+and+Bomono.JPG[/img]

kindabigg: Stop the stupid propaganda, Rio Del Rey Basin is nowhere near Bakassi!!


[img]http://1.2.3.10/bmi/2.bp..com/-niscFtTi-gc/Tf88LCpNpuI/AAAAAAAAALY/ydLVLpPduBk/s640/Kombe.JPG[/img]

[img]http://1.2.3.11/bmi/4.bp..com/-uSbbNWIPAJM/Tf88KRDux5I/AAAAAAAAALU/0Hgo4lyTTQU/s640/Bowleven+Permits+-+MHLP+and+Bomono.JPG[/img]

BAKASSI: 1922 – 39 maps had Rio del Rey as eastern end of Bakassi peninsula.http://odili.net/news/source/2012/oct/2/339.html

.

Oil
In October 2012, China Petroleum & Chemical Corporation officially announced it had discovered new oil and gas resources in the Bakassi region.[14]http://en.wikipedia.org/wiki/Bakassi