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Infos Business of Thursday, 28 July 2016

Source: businessincameroon.com

Gaz du Cameroun to supply 12 new companies

Gaz du Cameroun (GDC) Gaz du Cameroun (GDC)

The oil and gas operator Victoria Oil & Gas (VOG), parent company of Gaz du Cameroun (GDC), the company operating the Logbaba gas field in the suburbs of Douala, the Cameroonian economic capital, announced on July 25, 2016, that it is currently running a pipe-laying programme, to supply twelve new companies in gas.

According to this British operator, “the works are progressing well”. Ultimately, these works will enable GDC to add twelve new clients to its gas distribution network (which already includes about twenty companies) via pipeline in Douala, “before the end of the year”, we learn.

Moreover, VOG announces that its subsidiary GDC had a volume of “solid sales” during the 2nd quarter of 2016, period during which the gas production of this operator increased again.

Indeed, thanks to an ever-increasing demand from companies, GDC’s production is in constant increase, officially reaching 8.85 mmscf per day as at end November 2015, against 3.91 mmscf per day for the same period a year prior.

In order to meet the demand from the increasing number of customers, GDC just offloaded 2,500 tons of equipment at the Douala Port. This equipment, we learn from the company, will enable the drilling of two new gas production wells, starting from the 3rd quarter of 2016.