Cameroon: New agreements for Logbaba gas offtake

Victoria Oil & Gas (VOG) operating subsidiary Gaz du Cameroun (GDC) has announced agreements with power utility AES-Sonel and with cement manufacturer Dangote, as well as an initial cash-call payment from RSM Production Corporation. GDC and AES-Sonel have agreed to work on a technical and operating plan to progressively replace fuel oil with gas in power generation stations. The plan is for GDC initially to supply temporary units with gas, with a combined capacity of 45MW. This first stage is expected to be on line during Q2 2014, with anticipated gas consumption in the range of 2.6-5.9mcf/d.