Charles Tchen, CEO, Independent Petroleum Consultants, on the structure of the oil sectorOBGplus
The country’s production has been successfully maintained at 240,000 barrels per day (bpd) over the past four years and is expected to remain at that level for the next three years. Major producers are Perenco, Shell and Total, with each producing about 60,000 bpd. In 2013, three oil discoveries have been made: Mitsubishi Petroleum had a marginal and sub-economic discovery in the Nguma block,…