Exploration & Production

NewAge formalises Etinde block development

NewAge signed a gas convention agreement on Friday that confirms and formalises the development of the offshore Etinde block
By Staff reporter 12 June 2018 0 31261

The government of Cameroon and independent explorer NewAge signed a gas convention agreement on Friday that confirms and formalises the country’s commitment to developing the offshore Etinde block, AllAfrica reported on Monday.

Shipyards in China will start building an FLNG vessel next year for use at the block. The ship will take four years to build and will be able to produce 1.3 mtpa of LNG and 30,000 barrels per day of condensate, according to Dave Loran, NewAge’s executive vice president for...