By Eric Tataw – Tuesday October 22, 2019.
Two oil companies, from America and Russia have ended business engagements with Cameroonian authorities, National Telegraph has gathered.
Kosmos Energy, an American upstream oil company founded and based in Dallas, Texas with offices in Ghana, Mauritania, Senegal and Suriname, walked out of an engagement in the Central African country, reports say.
PJSC Rosneft Oil Company, a Russian integrated energy company headquartered in the Russian capital, Moscow specialized on exploration, extraction, production, refinement, transport, and sale of petroleum, natural gas, and petroleum products also walked out.
Reports say the National Hydrocarbons Corporation of Cameroon (SNH), with headquarters in Yaoundé, Cameroon’s capital had displayed tender documents for nine new exploration blocks in the Rio Del Rey nmd Douala and Kribi / Campo basins but Kosmos and Rosneft declined with making an offer, Africa Intelligence says in a report dated Tuesday October 22, 2019.
SNH is commissioned to manage State interests in the oil and gas sector, promotes, develops and monitors oil and gas activities throughout the national territory. Within this framework, the company works in association with international oil companies, ensuring notably compliance with all regulatory texts as well as control of production costs.
The situation has been attributed to an ongoing armed conflict in the country’s two English-speaking regions of the North West and South West, according to Africa Intelligence, adding that the unrest in the English-speaking regions also impinged on a previous bidding round in 2018.
Cameroon’s North West and South West have been under a deadly armed conflict for over three years with armed groups battling regular government soldiers to restore the statehood of the former British Southern Cameroons now called Ambazonia.
Some quarters hold that over two million