Victoria unit buys gas plant in Cameroon

Victoria Oil & Gas PLC, London, said a wholly owned subsidiary has completed the $2.578-million purchase of a natural gas processing plant at Logbaba gas field in Douala, Cameroon, from Expro Worldwide BV (OGJ Online, Oct. 30, 2013).

The plant handles production by the subsidiary, Gaz du Cameroun SA (GDC), which owns 60% of the Logbaba Project. RSM Production Corp., an affiliate of Grynberg Petroleum Co., Denver, holds a 40% participating interest.

The project supplies condensate to a refinery and dry natural gas through a 33-km pipeline network to an electric utility and industrial customers in Douala.

In a financial report last November, Victoria said it expected Logbaba production to average about 10.4 MMscfd in 2015. According to the company, Logbaba field, which has two wells, can produce 20 MMscfd.

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