Perenco to drill more wells in Cameroon

ParisFrance, July 20 (Offshore Engineer) Perenco will increase LNG exports from Cameroon in 2022, following the drilling of two or three wells this year.

Oil and gas company Perenco and Cameroon’s national oil firm SNH have agreed with Golar LNG to increase the utilization of the FLNG Hilli Episeyo – Africa’s first FLNG in operation and the world’s first converted FLNG.

The Hilli Episeyo FLNG vessel moored offshore Cameroon, started producing in March 2018 from SNH and Perenco’s offshore gas fields. The initial agreement was for the use of two of the four liquefaction trains and provided Perenco and SNH the option to increase liquefaction production.

Back on March 31, when announcing its quarterly results, Golar FLNG said that the FLNG Hilli Episeyo was offloading 56th cargo, with 100% commercial uptime maintained.

It, at the time, also said it had executed all remaining documentation required to remove the cap on gas reserves available for liquefaction by the Hilli, enable production above the current contract capacity, and that it was in advanced discussions on additional production by Hilli anticipated to start-up in Q1 2022.

Now, under the new agreement, Golar LNG said Tuesday that starting in 2022 the capacity utilization of the FLNG, located in Cameroon waters offshore Kribi, would increase by 200,000 tons of LNG, bringing total utilization in 2022 to 1.4 million tons.

Golar LNG said the tolling fee for the 2022 incremental capacity is linked to European gas prices at the Dutch Title Transfer Facility.

With the drilling of additional wells planned in 2021. LNG Output could reach 1.6 million tons

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