popular articles

Tower Resources accelerates drilling of NJOM-3 well in Cameroon

British company Tower Resources is intensifying preparations for drilling the NJOM-3 well on the Thali block, awaiting government approval for a license extension and a farm-out agreement with Prime Global Energies.

Please share:

British oil company Tower Resources is actively preparing to launch the drilling programme for the NJOM-3 well as part of the development of its Thali project in Cameroon.

Ongoing technical preparations

Tower Resources is assessing available drilling rigs, with proposals for deployment between June and December 2025. At the same time, the company has strengthened its team by recruiting a senior geologist and a drilling engineer to ensure efficient operational planning.

Awaiting government approvals

These initiatives are contingent on the Cameroonian government’s approval of a one-year extension of the Thali project license. This extension is crucial for Tower Resources to finalise preparations for drilling the NJOM-3 well.

Farm-out agreement with Prime Global Energies

In January, Tower Resources reached a farm-out agreement with Prime Global Energies, granting a 42.5% stake in the Thali project in exchange for a $15 million funding commitment to cover the drilling programme costs. This agreement is subject to approval by Cameroonian authorities, expected by the end of March.

Objectives of NJOM-3 drilling

The NJOM-3 well aims to exploit contingent resources within the Njonji 1 fault block and the PS9 reservoir of the Njonji South fault block. If successful, these resources could be converted into proven and probable reserves (2P), paving the way for NJOM-3 to become a production well and for the subsequent drilling of three additional production wells on the Thali field.

Cameroon’s oil sector outlook

Cameroon continues to experience a decline in crude oil production, attributed to the maturity of existing fields. Projections for 2025 estimate output at 20.7 million barrels, down from 22.9 million barrels in 2024. This trend could impact the oil sector’s contribution to the country’s gross domestic product, with a contraction of 3.6% expected in 2025, following a 2.6% decrease in 2024.

The advancement of the Thali project, particularly the NJOM-3 drilling, could shape the future trajectory of Cameroon’s oil production.

Register free of charge for uninterrupted access.

Publicite

Recently published in

A new report by the International Energy Agency identifies significant untapped potential in biogas and biomethane, hindered by regulatory and economic barriers.
RIC Energy and Siemens have signed an agreement to develop industrial projects in Spain focused on renewable hydrogen, green ammonia and e-fuels, including technical solutions and financing mechanisms.
RIC Energy and Siemens have signed an agreement to develop industrial projects in Spain focused on renewable hydrogen, green ammonia and e-fuels, including technical solutions and financing mechanisms.
Verdagy will supply hydrogen to Mainspring Energy to power a linear plant in Moss Landing, with operations expected to begin by summer 2025.
Verdagy will supply hydrogen to Mainspring Energy to power a linear plant in Moss Landing, with operations expected to begin by summer 2025.
Solveo Energies has inaugurated an experimental agrivoltaic system in the Pyrénées-Orientales, combining solar power production and crop protection on a farm facing drought conditions.
Solveo Energies has inaugurated an experimental agrivoltaic system in the Pyrénées-Orientales, combining solar power production and crop protection on a farm facing drought conditions.
European Energy has begun commercial e-methanol production in Denmark and reported an EBITDA of €45.9mn, while accelerating its international expansion, particularly in Australia.
Grenergy plans to invest €3.5bn ($3.79bn) to expand hybrid platforms and standalone batteries in Europe and Chile, targeting 18.8 GWh of storage capacity by the end of 2027.
Grenergy plans to invest €3.5bn ($3.79bn) to expand hybrid platforms and standalone batteries in Europe and Chile, targeting 18.8 GWh of storage capacity by the end of 2027.
Copenhagen Infrastructure Partners sells a minority stake in its 1 GW project to ACEN to accelerate its development ahead of upcoming energy auctions planned by the Philippine government.
Copenhagen Infrastructure Partners sells a minority stake in its 1 GW project to ACEN to accelerate its development ahead of upcoming energy auctions planned by the Philippine government.
Cheniere has signed a long-term gas supply agreement with Canadian Natural Resources to support the planned expansion of its Sabine Pass liquefaction terminal in Louisiana from 2030.
Cheniere has signed a long-term gas supply agreement with Canadian Natural Resources to support the planned expansion of its Sabine Pass liquefaction terminal in Louisiana from 2030.
While corporate demand for sustainable aviation fuel increases, European regulatory rigidity limits short-term investment prospects. SAFc Connect seeks to streamline transactions.
Cnooc will immobilise its Hai Yang Shi You 301 barge in July, temporarily reducing LNG bunkering capacity in China, where only five units handle supply.
Cnooc will immobilise its Hai Yang Shi You 301 barge in July, temporarily reducing LNG bunkering capacity in China, where only five units handle supply.
Brazilian group Petrobras formalises its return to Angola with two memorandums of understanding signed with Sonangol and the national oil regulator, targeting offshore exploration without immediate financial commitment.
Brazilian group Petrobras formalises its return to Angola with two memorandums of understanding signed with Sonangol and the national oil regulator, targeting offshore exploration without immediate financial commitment.
The Abuja Court of Appeal rejected Malabu Oil & Gas’s lawsuit against Agip, Eni’s subsidiary, by upholding the statute of limitations on the OPL 245 oil block case.
The Abuja Court of Appeal rejected Malabu Oil & Gas’s lawsuit against Agip, Eni’s subsidiary, by upholding the statute of limitations on the OPL 245 oil block case.
Advances in enhanced and closed-loop geothermal systems are drawing growing interest from governments and tech giants, despite critical cost reductions still needed for competitiveness.
Saudi-based ACWA Power has signed strategic agreements in Malaysia to develop up to 12.5 GW of energy capacity by 2040, with a potential investment of $10 billion.
Saudi-based ACWA Power has signed strategic agreements in Malaysia to develop up to 12.5 GW of energy capacity by 2040, with a potential investment of $10 billion.
Portugal’s Galp expects a production surge in Brazil driven by the offshore Bacalhau field, in partnership with Sinopec, Equinor and ExxonMobil.
Portugal’s Galp expects a production surge in Brazil driven by the offshore Bacalhau field, in partnership with Sinopec, Equinor and ExxonMobil.
The Trump administration has cancelled a federal guarantee granted to Sunnova Energy, withdrawing its support for a loan programme intended to finance 100,000 residential solar installations.
The Trump administration has cancelled a federal guarantee granted to Sunnova Energy, withdrawing its support for a loan programme intended to finance 100,000 residential solar installations.
North Atlantic has entered exclusive negotiations to acquire the Gravenchon refinery, France’s second-largest, from ExxonMobil in a deal reshaping the industrial landscape of the Seine Valley.
Spanish authorities and grid operator REE denied conducting any experiment on the national electricity network prior to the massive outage on April 28, the cause of which remains unknown.
Spanish authorities and grid operator REE denied conducting any experiment on the national electricity network prior to the massive outage on April 28, the cause of which remains unknown.
Friedrich Merz confirmed that Germany would block any attempt to relaunch the Nord Stream 2 pipeline, despite internal calls suggesting a potential reopening of dialogue with Moscow.
Friedrich Merz confirmed that Germany would block any attempt to relaunch the Nord Stream 2 pipeline, despite internal calls suggesting a potential reopening of dialogue with Moscow.
EDF plans a new nuclear pipework factory at Cordemais by 2028, confirming the end of coal-fired power in France and the site's industrial conversion.
EDF plans a new nuclear pipework factory at Cordemais by 2028, confirming the end of coal-fired power in France and the site's industrial conversion.
Uranium Royalty Corp. invests CAD1mn ($730,000) in a 2% royalty on Forum Energy Metals’ Aberdeen project, located near one of the world’s largest undeveloped uranium deposits.
NexGen Energy unveils exceptional assay results at the Patterson Corridor East site, with uranium intercepts among the highest concentrations globally, highlighting the growing economic relevance of this strategic area for the nuclear industry.
NexGen Energy unveils exceptional assay results at the Patterson Corridor East site, with uranium intercepts among the highest concentrations globally, highlighting the growing economic relevance of this strategic area for the nuclear industry.
OCI Energy, CPS Energy and LG Energy Solution Vertech signed a memorandum of understanding to develop a 480 MWh energy storage facility in San Antonio, aiming to strengthen Texas's ERCOT grid.
OCI Energy, CPS Energy and LG Energy Solution Vertech signed a memorandum of understanding to develop a 480 MWh energy storage facility in San Antonio, aiming to strengthen Texas's ERCOT grid.
Nano Nuclear Energy announced a $105mn fundraising from institutional investors, bringing its total cash position above $200mn to accelerate its small-scale nuclear reactor projects.
Nano Nuclear Energy announced a $105mn fundraising from institutional investors, bringing its total cash position above $200mn to accelerate its small-scale nuclear reactor projects.

Advertising