Victoria Oil & Gas Plc (VOG) announced that it has extended the current gas supply agreement with ENEO Cameroon (ENEO), the Cameroon energy joint venture between UK Group Actis and the Cameroon Government, until December 31, 2017, Energy-pedia reported.
The extension will enable ENEO and the Company’s 100% owned subsidiary, Gaz du Cameroun (GDC), to optimize all technical and financial elements of a long-term gas supply arrangement aimed at increasing the current contractual power supply of 50 MW to beyond 100 MW, Petroleum Africa informed.
VOG noted that the Group continues to prove its commitment to Cameroon and have been proud to help provide the Douala region with additional power to meet fast growing demands.
VOG also revealed that the drilling of the two new wells at Logbaba continues.
VOG’S CEO, Ahmet Dik, said, “VOG and ENEO have agreed that gas supply will continue until the end of the year. We are working with ENEO to create long term solutions, using natural gas for power generation beyond 100 MW. ”