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Nigeria and Cameroon plan to explore for oil in border areas
Plans seemed to be underway by Nigeria and Cameroon to explore oil on
their common water border in the Gulf of Guinea.
The two countries agreed a redefinition in early March of their maritime
border after the International Court of Justice ruled the long-disputed
Bakassi Peninsula belonged to Cameroon, based on a 1913 colonial era
treaty between Britain and Germany.
Minister of State for Energy, Odein Ajumogobia (SAN), said at a
ministerial meeting of the African Petroleum Producers Association
(APPA) in Cameroon that the two countries would work together to exploit
oil fields spanning the border.
"Cameroon and Nigeria are both members of the APPA. Cameroon and Nigeria
have a wonderful relationship. We were able to resolve the Bakassi issue
peacefully, so I have no doubt that we'll resolve any other issue that
may arise the same way, including exploitation of oil resources along
our border," Ajumogobia said.
At least three known oil wells span the frontier in the Bakassi region,
experts from both countries said at the Yaounde meeting. Speaking
further, the minister said the border deal would have no significant
effect on oil output from Nigeria, which remains Africa's top producer
despite chronic instability in its oil-rich Niger Delta region where
armed militant groups have disrupted production.
"Our production today is about 2.1 mm bpd. Our production capacity is
about 1.4 mm bpd more. We have a lot of oil shut in as a result of
security issues in the Niger Delta area, technical difficulties and
financial problems," he said.
By contrast, Cameroon produced just 86,000 barrels of crude oil a day in
2006, according to the US government's Energy Information
Administration.
Adolphe Moudiki, executive general manager of Cameroon's National
Hydrocarbons Corporation (SNH), noted that a number of cross-border oil
production and transport projects could serve as models for future
Cameroun-Nigerian projects.
"On the technical plan, this cooperation has fostered the achievement of
major cross border oil infrastructure projects such as the Chad/Cameroon
pipeline, the West African gas pipeline between Nigeria and Ghana, or
the trans-Saharan gas pipeline between Nigeria and Algeria. So we could
also achieve the same type of cooperation in the Gulf of Guinea," he
said.
Experts at the Yaounde meeting said once Cameroon and Nigeria published
details of known wells on each side of the border, a joint commission
could be created to negotiate how to share costs and revenues from any
eventual oil production. Nigeria already has a border exploration
agreement with the tiny archipelago of Sao Tome and Principe, although
results from the joint zone have so far been disappointing. Nigeria is
to receive 60 % of any revenues, and Sao Tome 40 %.
Sao Tome's prime minister said this month the two countries would
re-launch a stalled licensing round for oil blocks in the "joint
development zone" and said officials would meet in Sao Tome in May to
adjudicate on two outstanding blocks and approve a budget for the Joint
Authority which oversees the zone.
