{"id":10143,"date":"2021-03-31T08:49:19","date_gmt":"2021-03-31T08:49:19","guid":{"rendered":"https:\/\/oilnewskenya.com\/?p=10143"},"modified":"2021-03-31T08:49:19","modified_gmt":"2021-03-31T08:49:19","slug":"cameroon-bowleven-provides-etinde-licence-operational-update","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/cameroon-bowleven-provides-etinde-licence-operational-update\/","title":{"rendered":"CAMEROON: Bowleven Provides Etinde Licence Operational Update"},"content":{"rendered":"<p class=\"lf\"><span class=\"km\">Etinde<\/span><\/p>\n<p class=\"lg\"><span class=\"ka\">\u00b7\u00a0<\/span>In December 2020 the Operating Committee gave the JV partners permission to apply for and negotiate a replacement EEA. The current licence continues to be in force until replaced. The new agreement would reflect a change in the development plan, focussing on the Cameroon gas thermal power generation sector as the base level use of Etinde gas.<\/p>\n<p class=\"lh\"><span class=\"ka\">\u00b7\u00a0<\/span>During 2020, the JV partners completed:<\/p>\n<p class=\"li\"><span class=\"jt\">o\u00a0<\/span>FEED on the development facilities and associated pipeline infrastructure combined with Health, Safety, Security and Environment (HSSE), pipeline route surveys, reservoir risk analysis and mitigation and the preparation of the initial sub-surface drilling plan<\/p>\n<p class=\"li\"><span class=\"jt\">o\u00a0<\/span>FEED builds on previously completed extensive pre-FEED studies undertaken in 2019<\/p>\n<p class=\"li\"><span class=\"jt\">o\u00a0<\/span>Reprocessed the Seismic data for the entire licence area.<\/p>\n<p class=\"la\"><span class=\"ka\">\u00b7\u00a0<\/span>The JV partners have also undertaken to continue commercial activities focused around a liquids-based development alongside discussion of sales terms with potential gas, condensate and LPG off-takers.<\/p>\n<p class=\"la\"><span class=\"ka\">\u00b7\u00a0<\/span>New Age and Bowleven jointly appointed Cofarco (a Paris based financial advisory business) as lead advisor in relation to raising debt finance to fund Etinde development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Etinde \u00b7\u00a0In December 2020 the Operating Committee gave the JV partners permission to apply for and negotiate a replacement EEA. The current licence continues to be in force until replaced. &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/cameroon-bowleven-provides-etinde-licence-operational-update\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":9272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,11,7444],"tags":[344,387,9193,7982],"class_list":["post-10143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-top-news","category-west-africa","tag-bowleven","tag-cameroon","tag-cofarco","tag-etinde","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Cameroon-Etinde.jpg?fit=432%2C388&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2DB","jetpack-related-posts":[{"id":9271,"url":"https:\/\/www.oilnewskenya.com\/index.php\/cameroon-etinde-reviewing-commercial-options-regarding-gas-offtake-condensate-marketing\/","url_meta":{"origin":10143,"position":0},"title":"CAMEROON: Etinde Reviewing Commercial Options Regarding Gas Offtake &#038; Condensate Marketing","author":"","date":"October 7, 2020","format":false,"excerpt":"The Etinde financing plan will likely comprise various layers, including senior project finance debt, vendor financing from contractors, offtakers and likely equity. The latter will be a function of the agreed field development concept and the associated capex. The next stage of this work effort will be the preparation of\u2026","rel":"","context":"In &quot;Central Africa&quot;","block_context":{"text":"Central Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/central-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Cameroon-Etinde.jpg?fit=432%2C388&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":12321,"url":"https:\/\/www.oilnewskenya.com\/index.php\/cameroon-perenco-takes-over-operator-at-etinde-licence\/","url_meta":{"origin":10143,"position":1},"title":"CAMEROON: Perenco Takes Over Operator at Etinde Licence","author":"","date":"June 7, 2022","format":false,"excerpt":"Bowleven announces that it has been informed by New Age (African Global Energy) Limited (New Age), the operator of the Etinde JV, that New Age has signed a definitive conditional agreement with a subsidiary of Perenco S.A. to transfer all of New Age's participating interests in the Etinde permit, and\u2026","rel":"","context":"In &quot;Central Africa&quot;","block_context":{"text":"Central Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/central-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Cameroon-Etinde.jpg?fit=432%2C388&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":9756,"url":"https:\/\/www.oilnewskenya.com\/index.php\/cameroon-new-age-receives-formal-approval-to-apply-for-a-new-etinde-exploitation-agreement\/","url_meta":{"origin":10143,"position":2},"title":"CAMEROON: New Age Receives Formal Approval to Apply for a New Etinde Exploitation Agreement","author":"","date":"January 25, 2021","format":false,"excerpt":"New Age Ltd (New Age), Operator of the Etinde licence, has received formal approval to apply for a new Etinde Exploitation Agreement (EEA). This would replace the\u00a0existing EEA which came into force by Presidential decree in January 2015. \u00a0The agreement was reached following discussions with the Government of Cameroon's representative,\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Cameroon-Etinde.jpg?fit=432%2C388&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":12426,"url":"https:\/\/www.oilnewskenya.com\/index.php\/cameroon-perenco-takes-over-operatorship-at-the-etinde-licence\/","url_meta":{"origin":10143,"position":3},"title":"CAMEROON: Perenco Takes Over Operatorship at the Etinde Licence","author":"","date":"July 12, 2022","format":false,"excerpt":"Bowleven announces the expiry of the 30 day right of pre-emption period pertaining to New Age (African Global Energy) Limited's definitive conditional agreement with a subsidiary of Perenco S.A., to transfer all of New Age's participating interests in the Etinde permit and operatorship of the Etinde JV to Perenco. Neither\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Cameroon-Etinde.jpg?fit=432%2C388&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":14200,"url":"https:\/\/www.oilnewskenya.com\/index.php\/cameroon-perenco-delivers-a-notification-of-termination-on-the-conditional-sale-of-new-ages-participating-interests-in-the-etinde-permit\/","url_meta":{"origin":10143,"position":4},"title":"CAMEROON: Perenco Delivers a Notification of Termination on the conditional sale of New Age&#8217;s Participating Interests in the Etinde permit","author":"","date":"January 29, 2024","format":false,"excerpt":"Bowleven announces that it has today been informed by New Age (African Global Energy) Limited the operator of the Etinde JV, that New Age has received a Notification of Termination from a subsidiary of Perenco S.A. which terminates the conditional sale of New Age's participating interests in the Etinde permit,\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/01\/Cameroon-Etinde.png?fit=699%2C458&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/01\/Cameroon-Etinde.png?fit=699%2C458&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/01\/Cameroon-Etinde.png?fit=699%2C458&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":14051,"url":"https:\/\/www.oilnewskenya.com\/index.php\/cameroon-bowleven-provides-operational-update\/","url_meta":{"origin":10143,"position":5},"title":"CAMEROON: Bowleven Provides Operational Update","author":"","date":"November 10, 2023","format":false,"excerpt":"Etinde, offshore\u00a0Cameroon In June 2022, New Age announced that it had signed a conditional agreement to sell operatorship and their 37.5% gross stake in Etinde to Perenco SA for an undisclosed sum, subject to the resolution of a number of conditions precedent, including regulatory approval from SNH. This transaction has\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/11\/Cameroon-Etinde.webp?fit=432%2C388&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=10143"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10143\/revisions"}],"predecessor-version":[{"id":10144,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10143\/revisions\/10144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/9272"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=10143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=10143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=10143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}