Cameroon: Murphy pulls out of Ntem


Issue 295 - 27 Feb 2015 | 1 minute read

Operator Murphy Oil has pulled out of the offshore Ntem Block, transferring its 50% stake to Sterling Energy at no cost to Sterling. The Bamboo exploration well drilled in H1 2014 failed to find hydrocarbons, and the block is the subject of overlapping border claims by Cameroon and Equatorial Guinea. Force majeure was lifted on the block in January 2014 by agreement with Cameroon’s Société Nationale des Hydrocarbures (SNH) to enable drilling to go ahead, though the well was outside the affected area.

Tagged with:

Pin Resources

Pin Cameroon

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register