Sterling confirmed as new operator of Ntem offshore Cameroon

LONDON – Sterling Energy has secured ministerial approval from Cameroon to take Murphy Oil’s 50% operated interest in the offshore Ntem concession. Formal ratification should follow by way of presidential decree. Ntem is a large under-explored block, in water depths ranging from 400-2,000 m (1,312-6,562 ft), in the prospective southern Douala – Rio Muni basin….