Crude Oil Production in Cameroon remained unchanged at 69 BBL/D/1K in June from 69 BBL/D/1K in May of 2019. Crude Oil Production in Cameroon averaged 84.12 BBL/D/1K from 1994 until 2019, reaching an all time high of 124 BBL/D/1K in January of 1997 and a record low of 59 BBL/D/1K in August of 2011.
Who is the largest oil company in Cameroon?
Perenco is now the largest operator in Cameroon in term of production, with an operating area in the Rio del Rey and Douala basins, with oil and gas production of 85,000 boepd (51,000 barrels per day and 24 million m 3 of gas per day).
Does oil rent affect crude oil production in Cameroon?
Analysis of the relationship between oil rent and crude oil production in Cameroon: Evidence from ARDL and NARDL models … The exploitation of natural resources and their use to achieve a high level of development remains a major challenge for countries .
What is the oil industry like in Cameroon?
Oil exploration and exploitation is done by companies such as Pecten, Elf Serepca, Shell, all based in Douala. Cameroon does not market all its crude oil. There is an oil refinery company, SONARA, based in Limbe. For an oil producing country, the passing of oil and gas regulations is very important.