YAOUNDE Feb 9 Cameroon's oil production is
expected to rise 9 percent in 2013 as new wells came into
production, the head of the central African nation's state oil
company SNH said on Friday.
The country's modest oil production rose 3.5 percent in 2012
to 22.37 million barrels last year as new wells came on-stream
after slumping the previous years due to mature wells.
"Oil production will continue to rise in 2013... we expect a
production increase of about 9 percent," Adolphe Moudiki, chief
executive of the state-run oil National Hydrocarbons Corporation
(SNH), told Reuters.
"Operators Addax and Glencore have
announced discoveries they made respectively in two different
offshore blocks: Iroko (Padouk-1 well) and Bolongo (Oak-IX
well)," Moudiki said.
He said measures have been taken to drill all wells in 2013
after a lack of drilling rigs delayed work at several wells in
Cameroon's oil production peaked at 185,000 barrels per day
in 1986 but had since declined steadily to stand at 63,900
barrels per day in 2011. Moudiki said the country plans to boost
production to about 90,000 barrels per day in 2013.
Though a cocoa, coffee and bauxite producer, crude oil is
the country's main export product, accounting for 39 percent of
exports and about 45 percent of foreign exchange earnings.