Douala, Cameroon Africa. (Cameroon News) – BowLeven starts drilling activity on Sapele-2 Well offshore Cameroon on the Gulf Of Guinea basin
BowLeven, the British oil and gas exploration company with extensive focus on Cameroon and West Africa, reportedly started drilling activity on its Sapele-2 well of the coast of Cameroon in the gulf of guinea.
bowleven Cameroon Douala Oil gas explorer
Sapele-2 well exploration is focused on appraising the Omicron layer discoveries encountered during the Sapele-1 well exploration activities.
BowLeven Oil and Gas company plans for Sapele-2 well to penetrate both Deep and Lower Omicron discoveries layers of about five (5) kilometers south west of the Sapele-1 location.
Excluding testing, BowLeven plans drilling reportedly scheduled for 50 to 60 days.
BowLeven shares trade on the London stock exchange under the ticker symbol BLVN.L
BowLeven Vision:
“It is our vision to build an African-focused, exploration and production company which becomes renowned for its ability to consistently create and realise material shareholder value through exploration-led organic growth and niche acquisitions.”
BowLeven Strategy:
- Focus on Africa (with particular emphasis on Gulf of Guinea)
- Maintain significant exploration positions (including Operatorship)
- Leverage technical and commercial expertise
- Seek value-adding partnerships as appropriate
- Seek to monetise existing resource base
- Prepared to return value to shareholders to maintain significant equity gearing
DeepSea Oil Rig - Bowleven Cameroon Gulf of Guinea Operates such Rig
