Oil and gas Plant

Yaounde, Cameroon Africa(Cameroon News) – Victoria predicts that the first gas sales from its Logbaba gas plant would happen as per the proposed schedule.

Britain’s Victoria Oil & Gas (VOG) said the first gas sale from its biggest project in Cameroon would happen as per the proposed plans during the fourth quarter, and announced its economic forecast.

VOG now anticipates its proved and probable reserves from the Logbaba gas and condensate field in Douala, Cameroon, to be around $406 million.

The company, which has a number of projects in Africa, Kazakhstan and Russia, said its total Logbaba resources, which also comprises of possible and prospective resources, were around $1,164 million.

Logbaba has proven and probable reserves of 212 billion cubic feet of gas and the company anticipate gas sales of 8 million standard cubic feet per day (mmscf/d) in the first year. VOG last year got together investment for the expansion phase of the Logbaba project.