Connection

popular articles

Israel: Sungrow signs a contract for energy storage systems
First solar power plant in Côte d’Ivoire
Saudi Arabia offers 212 industrial investment opportunities
Qatar Electricity and Water Company develops a 500 MW peak power plant
ADNOC faces challenges to launch Upper Zakum futures contract

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

Latest news

France: CRE calls for tariff adjustments to stabilize the market
Green light for the Gort Uí Rathaile Wind Farm in Ireland
BW Energy discovers a large offshore oil field in Gabon
Morocco: Six green hydrogen projects approved for $32.5 billion
Tanzania postpones the allocation of 26 oil and gas exploration licences to May 2025

Recently published in

BW Energy discovers a large offshore oil field in Gabon

BW Energy has announced the discovery of an oil field in the Bourdon prospect, located in the offshore Dussafu license in Gabon. This new resource could strengthen the company's production and stimulate investment in the country's oil sector.
Tanzania postpones the allocation of 26 oil and gas exploration licences to May 2025
Tanzania has decided to postpone the allocation of 26 oil and gas exploration licences to May 2025, initially scheduled for March, to attract more investors at the Africa Energies Summit in London.
en_1140290960540-7
Tanzania postpones the allocation of 26 oil and gas exploration licences to May 2025
Tanzania has decided to postpone the allocation of 26 oil and gas exploration licences to May 2025, initially scheduled for March, to attract more investors at the Africa Energies Summit in London.
en_1140290960540-7
Niger faces an unprecedented gasoline shortage
Niger is experiencing a fuel supply crisis that is disrupting the daily lives of millions. Dependence on imports and the inability of domestic production to meet demand are worsening the situation.
en_1140290947540-7
Niger faces an unprecedented gasoline shortage
Niger is experiencing a fuel supply crisis that is disrupting the daily lives of millions. Dependence on imports and the inability of domestic production to meet demand are worsening the situation.
en_1140290947540-7
North Sea collision: an oil tanker and a cargo ship involved, 32 injured
A collision between the oil tanker Stena Immaculate and the cargo ship Solong off the coast of Yorkshire caused a fire and injured 32 crew members, who were evacuated to Grimsby. An environmental risk assessment is underway.
en_1140290961540-6
North Sea collision: an oil tanker and a cargo ship involved, 32 injured
A collision between the oil tanker Stena Immaculate and the cargo ship Solong off the coast of Yorkshire caused a fire and injured 32 crew members, who were evacuated to Grimsby. An environmental risk assessment is underway.
en_1140290961540-6

OPEC+ Gradually Increases Iraqi Oil Production Starting April 2025

OPEC+ has authorized a gradual increase in Iraq's oil quota starting in April 2025, enabling the country to reach 4.11 million barrels per day by January 2026, amid strategic developments marked by the imminent reopening of the Iraq-Turkey pipeline.
Ecuador demands a $1.5bn deposit for the development of its largest oil field
Ecuadorian president Daniel Noboa has threatened not to sign the development contract for the Sacha oil field unless a $1.5bn deposit is paid within six days by the Sino-Canadian consortium.
en_1140290954540-5
Ecuador demands a $1.5bn deposit for the development of its largest oil field
Ecuadorian president Daniel Noboa has threatened not to sign the development contract for the Sacha oil field unless a $1.5bn deposit is paid within six days by the Sino-Canadian consortium.
en_1140290954540-5
Maduro threatens to halt oil exploration in Essequibo, a disputed area with Guyana
Venezuelan President Nicolas Maduro has warned Guyana and ExxonMobil against any oil exploration in the contested Essequibo region. He stated that Venezuela would take "all necessary measures" to stop these activities.
en_1140290949540-5
Maduro threatens to halt oil exploration in Essequibo, a disputed area with Guyana
Venezuelan President Nicolas Maduro has warned Guyana and ExxonMobil against any oil exploration in the contested Essequibo region. He stated that Venezuela would take "all necessary measures" to stop these activities.
en_1140290949540-5
Petro-Victory and Blue Oak acquire Capixaba Energia to strengthen their presence in Brazil
Petro-Victory Energy Corp. and Blue Oak Investments have reached an agreement to acquire Capixaba Energia LTDA, an integrated onshore production company in Brazil, aimed at expanding their presence in the country's oil and gas sector.
en_1140290952540-5
Petro-Victory and Blue Oak acquire Capixaba Energia to strengthen their presence in Brazil
Petro-Victory Energy Corp. and Blue Oak Investments have reached an agreement to acquire Capixaba Energia LTDA, an integrated onshore production company in Brazil, aimed at expanding their presence in the country's oil and gas sector.
en_1140290952540-5

McDermott completes EPCIC project for Shell in the Gulf of Mexico

McDermott successfully completes EPCIC works for Shell Offshore Inc. in the Gulf of Mexico, enabling the start of oil production from the Whale platform.
Arrest of South Sudan’s Oil Minister Amid Rising Political Tensions
South Sudan's Minister of Petroleum, Puot Kang Chol, was arrested on the night of March 4-5, exacerbating tensions between supporters of President Salva Kiir and those of Vice President Riek Machar.
en_1140290952540-4
Arrest of South Sudan’s Oil Minister Amid Rising Political Tensions
South Sudan's Minister of Petroleum, Puot Kang Chol, was arrested on the night of March 4-5, exacerbating tensions between supporters of President Salva Kiir and those of Vice President Riek Machar.
en_1140290952540-4
Competition between Dangote and NNPC drives down petrol prices in Nigeria
Increased competition between Dangote’s refinery and NNPC has led to a significant reduction in petrol prices in Nigeria, providing economic relief to consumers.
en_1140290945540-4
Competition between Dangote and NNPC drives down petrol prices in Nigeria
Increased competition between Dangote’s refinery and NNPC has led to a significant reduction in petrol prices in Nigeria, providing economic relief to consumers.
en_1140290945540-4
The United States gives Chevron a one-month deadline to wind down operations in Venezuela
Washington has ordered Chevron to cease its operations in Venezuela by April 3, a decision that could have significant implications for the global oil market, according to analysts.
en_1140290948540-4
The United States gives Chevron a one-month deadline to wind down operations in Venezuela
Washington has ordered Chevron to cease its operations in Venezuela by April 3, a decision that could have significant implications for the global oil market, according to analysts.
en_1140290948540-4

Opec+ announces gradual increase in production, causing oil prices to fall

Opec+ has reaffirmed its plan for a gradual increase in oil production starting from April 2025, a decision that has led to a drop in oil prices, particularly Brent. This strategy marks a shift in the cartel’s approach.
Evolution Petroleum acquires non-operated oil and natural gas assets in Texas, New Mexico, and Louisiana
Evolution Petroleum has announced the acquisition of non-operated assets across three US states, representing a net production of 440 barrels of oil equivalent per day, for a purchase price of $9 million.
en_1140290959540-4
Evolution Petroleum acquires non-operated oil and natural gas assets in Texas, New Mexico, and Louisiana
Evolution Petroleum has announced the acquisition of non-operated assets across three US states, representing a net production of 440 barrels of oil equivalent per day, for a purchase price of $9 million.
en_1140290959540-4
The United States to impose tariffs on energy imports from Mexico and Canada
The US government has announced a 10% tariff on oil imports from Canada and a 25% tariff on those from Mexico, effective from March 4. This decision will directly affect the refining sector in the United States.
en_1140290943540-4-2
The United States to impose tariffs on energy imports from Mexico and Canada
The US government has announced a 10% tariff on oil imports from Canada and a 25% tariff on those from Mexico, effective from March 4. This decision will directly affect the refining sector in the United States.
en_1140290943540-4-2
Morocco: Predator Oil begins drilling MOU-5 well in Guercif to assess 6 TCF gas potential
Predator Oil continues its work in Guercif, Morocco, with the drilling of the MOU-5 well. The goal is to assess the estimated 6 TCF reserves as part of the national effort to secure gas supply.
en_1140290961540-2
Morocco: Predator Oil begins drilling MOU-5 well in Guercif to assess 6 TCF gas potential
Predator Oil continues its work in Guercif, Morocco, with the drilling of the MOU-5 well. The goal is to assess the estimated 6 TCF reserves as part of the national effort to secure gas supply.
en_1140290961540-2

VAALCO strengthens its presence in Africa with the acquisition of the CI-705 block in Côte d’Ivoire and increased production in Gabon

VAALCO continues its expansion in West Africa with the acquisition of a 70% stake in the offshore CI-705 block in Côte d'Ivoire and an ambitious plan to double its crude production in Gabon by 2026.
Sino-Canadian consortium awarded operation of Ecuador’s largest oil field
Ecuador has granted a concession for its main oil field, Sacha, to a consortium formed by Sinopec and New Stratus Energy. The contract, to be signed in April, aims for a significant production increase within three years.
en_1140290953540-3
Sino-Canadian consortium awarded operation of Ecuador’s largest oil field
Ecuador has granted a concession for its main oil field, Sacha, to a consortium formed by Sinopec and New Stratus Energy. The contract, to be signed in April, aims for a significant production increase within three years.
en_1140290953540-3
Aramco announces a 12.39% decrease in profits in 2024
The Saudi oil giant Aramco experienced a significant decline in profits in 2024, attributed to falling oil prices, reduced production, and higher operating costs.
en_1140290949540-3
Aramco announces a 12.39% decrease in profits in 2024
The Saudi oil giant Aramco experienced a significant decline in profits in 2024, attributed to falling oil prices, reduced production, and higher operating costs.
en_1140290949540-3
Opec+ production increases lead to a drop in oil prices
Oil prices dropped this Tuesday after Opec+’s decision to maintain its plan of gradual production increases starting in April, despite calls from the US president to reduce energy prices.
en_1140290950540-3
Opec+ production increases lead to a drop in oil prices
Oil prices dropped this Tuesday after Opec+’s decision to maintain its plan of gradual production increases starting in April, despite calls from the US president to reduce energy prices.
en_1140290950540-3

End of Chevron’s licence in Venezuela: what consequences for the economy and international relations?

The cancellation of Chevron's operating licence in Venezuela, announced by the Trump administration, could exacerbate the country's economic crisis while redefining its relations with the United States. Experts are considering several scenarios regarding the next developments.
Pemex records a net loss of $30.3bn in 2024
Mexican state-owned oil company Pemex has reported a net loss of $30.3bn in 2024, following a profit in 2023, due to a decline in sales and an increase in operating costs.
en_1140290945540
Pemex records a net loss of $30.3bn in 2024
Mexican state-owned oil company Pemex has reported a net loss of $30.3bn in 2024, following a profit in 2023, due to a decline in sales and an increase in operating costs.
en_1140290945540
New discoveries at the Mopane field in Namibia bolster the country’s oil ambitions
Namibia has announced new discoveries at the Mopane oil field offshore. This development could accelerate the country's ambitions to become a crude oil producer by 2029.
en_1140290952540-18
New discoveries at the Mopane field in Namibia bolster the country’s oil ambitions
Namibia has announced new discoveries at the Mopane oil field offshore. This development could accelerate the country's ambitions to become a crude oil producer by 2029.
en_1140290952540-18
European oil majors slow down their energy transition
Several major European oil companies, including BP, are adjusting their climate strategies, reducing investments in renewable energy to focus on increasing oil and gas production in order to improve their profitability.
en_1140290954540-18
European oil majors slow down their energy transition
Several major European oil companies, including BP, are adjusting their climate strategies, reducing investments in renewable energy to focus on increasing oil and gas production in order to improve their profitability.
en_1140290954540-18

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS