Cameroon Brings New E&P Investment Opportunities to African Energy Week 2026

Cameroon will put its oil and gas investment potential in front of the global energy industry at the African Energy Week (AEW) 2026 Conference and Exhibition, with the Société Nationale des Hydrocarbures (SNH) confirming its participation in the October 12–16 event in Cape Town and bringing a senior delegation to promote opportunities across the country’s upstream sector.

Second Advisor to General Management Nathalie Moudiki is participating. SNH will also deliver a dedicated presentation on “Investment Opportunities in the E&P Sectors in Cameroon,” contribute to panel discussions and take part in the African Petroleum Producers Organization’s NOC CEOs Forum on October 12.

SNH’s participation comes as Cameroon advances a new cycle of exploration and investment, including a nine-block licensing round spanning the Rio del Rey and Douala/Kribi-Campo basins. The portfolio comprises Ndian River, Bolongo Exploration and Bakassi in Rio del Rey, alongside Etinde Exploration, Bomono, Kombe-Nsepe, Tilapia, Ntem and Elombo in Douala/Kribi-Campo. SNH’s licensing documentation highlights substantial existing seismic and well data across the acreage, including 3D seismic coverage on several offshore prospects.

Cameroon’s latest licensing cycle has already moved from acreage promotion into contract negotiations. In April, SNH announced that five of the nine blocks offered in the licensing round had been selected for negotiations toward Production Sharing Contracts (PSCs), with Octavia Energy selected for Bolongo Exploration and Murphy West Africa selected for Etinde Exploration, Tilapia, Elombo and Ntem. Since then, Cameroon has signed a PSC with Octavia Energy for Bolongo, while SNH and Murphy Oil reached agreement in August on the key terms of the future PSCs covering its four blocks.

“Cameroon has a substantial resource base, a portfolio of prospective acreage and a growing pipeline of projects that deserve greater visibility among international investors,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “AEW provides the right platform for Cameroon to put these opportunities directly in front of the companies, financiers and technical partners that can help turn resources into production, investment and economic value.”

SNH will use its AEW participation to go beyond acreage promotion. The company said its delegation will include senior representatives across exploration and production, gas, procurement, communications, petroleum information and mining-domain promotion, providing investors with access to technical and commercial expertise throughout the week.

Cameroon’s broader hydrocarbons agenda adds further depth to its investment proposition. SNH reported national crude oil production of 19.37 million barrels in 2025, alongside 75.48 billion standard cubic feet of natural gas production, underscoring the continuing importance of hydrocarbons to the country’s energy system and economy.

The country’s production base is supported by an established group of international operators, including Perenco, Sinopec subsidiary Addax Petroleum, Lukoil and Victoria Oil & Gas (VOG). Perenco operates across the Rio del Rey and Douala/Kribi-Campo basins, with interests spanning mature oil assets and the Sanaga South gas field. Recent drilling has targeted additional production from fields including Bavo, Kita East Marine and Kribi-Batanga, while Sanaga South supplies gas for domestic power generation and Cameroon’s floating LNG export project.

Addax Petroleum, meanwhile, remains one of Cameroon’s largest crude producers. SNH reported in 2025 that the company had drilled 16 wells in recent years and accounted for approximately 30% of national crude production, supported by $528.73 million in investment in the Iroko and Mokoko Abana blocks. Addax also participates alongside Perenco and SNH in producing acreage in the Rio del Rey Basin.

Offshore, LUKOIL holds a 30% interest in the Etinde development alongside New Age, Bowleven subsidiary Euroil and SNH, providing another potential source of future gas production.

In the Douala Basin, Gaz du Cameroun operates the Logbaba gas field and associated pipeline network supplying industrial customers in Douala. The company was formerly owned through VOG, which pioneered development of the asset, but VOG’s administrators sold its interest in GDC’s parent company to Cameroon Holdings Limited in July 2025. GDC continues to produce and distribute gas from Logbaba under its new ownership.

Beyond upstream exploration, SNH is also advancing the CSTAR refinery and storage project at Kribi, with the planned refinery designed for 30,000 barrels per day. In June, SNH said BGFIBANK Cameroon had been mandated to mobilize $210 million toward the project, which has an estimated total cost of $621.96 million.

The country is also pursuing development of the cross-border Yoyo-Yolanda gas resources with Equatorial Guinea, with SNH describing the field as holding an estimated 2.5 trillion cubic feet of gas and outlining plans for export pipelines and processing infrastructure. In February, Cameroon and Equatorial Guinea signed an agreement to unitize the cross-border field, opening the way for its joint development.