Project Profile
Value: $250 Million
Startup Year: 2016
Location: Ngosso Block, offshore Cameroon
The Ngosso block holds a number of existing small oil discoveries – Narendi, Odiong and Oongue – in addition to the new prospects. All the existing discoveries were made over 20 years ago. The 474sq km acreage combines two blocks, MLHP-9 and PH-48a.
Operators:
Addax Petroleum (Sinopec): Operator with 60% interest
MOL Hungarian Oil and Gas Plc.: 40% interest