The license to explore of the British oil firm Bowleven, operator of the Bomono license covering two blocks of 2,328 km in the Douala basin, located on-shore in Cameroon, is extended to December 12, 2018, announces the company in a Official release. This license expired on 12 December 2016 after two first extensions in December 2014 and 2015.
The new extension of Bowleven’s license to Bomono, it is officially said, helps preserve the interests of the British firm on the area concerned, pending the response of the Cameroonian government to the demand for the exploitation of gas deposited by Bowleven since November 2015, the year in which the British oil-miner drilled two wells (Zingana and Moambe) on Bomono, which confirmed the existence of hydrocarbons.
The oil company also announces that “the ministerial approval for the extension of the license has now been received and the approval process for the operating license will follow, as stipulated by the Cameroonian authorities“.
As a reminder, on 8 January 2016, this British firm announced that it had completed the extended flow tests on the wells dubbed Moambe and Zingana. “The results to date continue to support plans for an initial supply of 5 to 6 mmscfd of gas for electricity generation under a development plan formulated with Actis and Eneo in Cameroon (a concessionaire Of the electricity service), “argued Bowleven.