Victoria Oil & Gas production jumps after Cameroon project restart
Source - SMW
Victoria Oil & Gas said production levels at the Logbaba project in Cameroon had increased since operations recommenced last months.
The average production rate for January so far as 8.5m standard cubic feet per day, as of 19 January, the company said.
The output levels marked a 91% increase on fourth-quarter 2018 daily average production levels.
'Whilst gas supply for grid power to Eneo and to others will always be a key strategy of the group, the board, as previously announced, is focussed on the importance on the diversification of the customer base to reduce dependence on any single customer,' Victoria Oil & Gas said.
'Our industrial customers are consuming at record levels as reported in our fourth-quarter operations update and the business development of these and other routes to market continue to be developed.'