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.
How does Cameroon benefit from its oil and gas reserves?
Cameroon benefits tremendously from its oil and gas reserves. According to the U.S. Energy Information Administration, Cameroon’s petroleum production was 70,000 barrels a day in 2019 and 67,000 barrels a day in 2020. Cameroon has natural gas reserves estimated to be 4.8 billion cubic feet. Much of this gas remains undeveloped.
Does Cameroon have a shared gas field?
While potential exists for greater exploitation of the shared gas field, the project is still years away from full production, and more infrastructure is needed to see its completion. Cameroon benefits tremendously from its oil and gas reserves.
Should Cameroon develop a natural gas field?
Cameroon has natural gas reserves estimated to be 4.8 billion cubic feet. Much of this gas remains undeveloped, including the Yoyo-Yolanda field. If the Cameroonian government decides to develop these fields, there would be significant U.S. export potential.