Partners on the Etinde permit offshore Cameroon are now considering offtake to existing facilities in Equatorial Guinea as a new possible solution.
The project, operated by New Age, and which is taking much longer than planned to develop, was also being considered as having potential for a floating LNG facility or as gas-to-power facility.
Partner Bowleven said Etinde contains sufficient existing discovered resources to support one initial offtake solution. But Bowleven says appraisal drilling is targeting un-risked P90 in-place volumes of up to 2 Tcf of gas and associated liquids which, if proven, could create scope for multiple offtake solutions for Etinde.
Initial development concepts, back in 2014, centered around a phased hub-and-spoke approach, with an onshore processing facility, linked to unmanned platforms/producing wells.
The IM field on block MLHP-7 was expected to deliver the first phase of liquids and associated gas production, targeted for 1H 2017, followed by integration of the MLHP-5 discoveries (Sapele), under a stage II development. Dry gas (70 MMscf/d) from Etinde was due to feed a proposed fertilizer plant, with additional gas available for broader development opportunities, such as a Cameroon LNG (CLNG) scheme.
Meanwhile, on the Bomono permit, on which Bowleven is operator, a two-year extension has been awarded to 12 December 2018 and a Provisional Exploitation Authorization (PEA) signed.
Bowleven says it is in advanced discussions on the potential farm-out of the Bomono license in order to facilitate cashflow and appraisal activities.
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