The Republic of Cameroon lies on the eastern border of oil-rich Nigeria, and is the sixth largest oil producer in Sub-Saharan Africa with oil reserves estimated at 400 million barrels in January 2004. The country has gas reserves, estimated at 110 billion cubic metres (bcm), that are still unexploited. The upstream oil industry is an important part of Cameroon’s economy.
Reserves are located offshore in the Rio del Rey Basin of the Niger Delta, offshore and onshore in the Douala/Kribi-Camp basins on Cameroon’s western coast, and onshore in the Logone-Birni basin in the northern part of the country.
The downstream oil industry in Cameroon is also an important sector of the country’s economy. Consumption of liquid fuel products is currently in the region of 900,000 tonnes per annum excluding smuggling from Nigeria, estimated to be 30% of this figure.
With the building of the Chad to Cameroon oil pipeline, and the siting of the export terminus at Kribi, Cameroon has the potential to become a notable oil transport centre.
Based on the above, MULUH & PARTNERS offers quality services to both multinational and municipal Oil Companies, Banks, and others involved in Oil and Gas Investment. High oil prices in recent years have encouraged investment in new exploration and production projects, particularly in developing countries. However, the Middle East remains the critical producer and exporter of oil and gas, and is starting to open up to inward investment Our team of lawyers is equipped for the most complex oil and gas projects. We advise on a wide range of matters involving both upstream and downstream work. Our lawyers are familiar with contracts used in the licensing, exploration, development, production, transportation and abandonment of oil and gas fields and for the sale of gas and oil.
We represent multinational and independent oil and gas companies, host government energy companies, large utilities, private power plants, energy industry service companies, refineries, petrochemical companies, financial institutions, and multinational drilling contractors and construction companies. In addition, MULUH & PARTNERS represents refinery owners in transactions involving structuring refinery acquisitions and sales, due diligence, and assessment of environmental liabilities.
Do not hesitate contacting us at: MULUH & PARTNERS, SISE FACE COLLEGE DE LA SALLE-AKWA, B.P 1632 DOUALA-CAMEROON, TEL: +237 3342 9575 or +237 9639 4603, Email: [email protected]