Yaounde, Cameroon Africa. (Cameroon News) – Cameroon Oil & Gas Explorers – BowLeven, a West Africa-focussed oil and gas explorer said drilling has started on the Sapele-3 well in the Douala Basin, offshore Cameroon, in the Gulf of Guinea, with the ‘Sapphire Driller’ jack-up rig.
bowleven Cameroon Douala Oil gas explorer
The well, located around 16 kilometres north-west of the Sapele-1 location, is targeting the Tertiary interval and is to be drilled to an estimated target depth of circa 3,550 meters in water depths of around 30 meters.
About BowLeven Oil & Gas
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.”
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
