S&P: Cameroonian oil production expected to decline in 2018

The American ratings agency, Standard & Poor’s (S&P) which cites the Cameroonian government’s forecasts including the State-run oil company, Société nationale des hydrocarbures (SNH) has revealed that the current rise in oil production in Cameroon is expected to be short-lived.

After crossing the 100,000 barrel per day threshold since 2002 in the first four months of 2015, the agency disclosed that production rate will fall to 65,000 barrels per day in 2018.

However, according to the public company’s projections, oil production in Cameroon should double in 2016 to around 57 million barrels as compared to 27 million barrels in 2014 and 24.4 million barrels in 2013.

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