Oil Search Begins In Moabi Block

Government and PERENCO signed the Production Sharing Contract in Yaounde on Tuesday. The government of Cameroon has engaged PERENCO Cameroon, an affiliate of the PERENCO Group, to carry out oil exploration on the Moabi block (former Mondoni Concession), situated offshore in the Rio Del Rey basin covering a total surface area of 137.13 square kilometers. [...]