Tower Resources delays Thali oil drilling to 2027 in Cameroon
Tower Resources has received an eighth extension for its license on the Thali oil block in Cameroon, pushing the drilling of the NJOM-3 well to 2027. This delay marks 11 years since the original production sharing contract was signed, raising concerns about the project's progress and future prospects.
License Extension Details
The Cameroonian government has granted Tower Resources an eighth extension for its license on the Thali oil block. This latest extension allows the company to continue its operations without immediate drilling obligations, pushing the anticipated drilling date for the NJOM-3 well to 2027. This decision reflects ongoing negotiations between the company and the government regarding the future of oil exploration in the region.
The Thali oil block, located off the coast near Bakassi, has been under Tower Resources' management since the signing of the production sharing contract (PSC) 11 years ago. Despite the long duration, the company has yet to commence drilling operations, which raises questions about the viability and commitment to the project.
Concerns Over Delays
The repeated delays in drilling at the Thali block have sparked concerns among stakeholders about the future of oil exploration in Cameroon. Industry analysts suggest that the prolonged timeline could deter potential investors and affect the overall economic outlook for the region. The lack of drilling activity raises questions about the company's operational strategy and its ability to meet contractual obligations.
Moreover, the situation reflects broader challenges in the Cameroonian oil sector, where regulatory hurdles and operational difficulties have historically impeded progress. The government’s willingness to extend licenses may indicate a desire to maintain foreign investment, but it also highlights the risks associated with prolonged inactivity in the sector.
Découvrir plus
Octavia Energy to Invest $41 Million in Cameroon’s Bolongo Block
British company Octavia Energy has committed to invest $41 million in the Bolongo block in Cameroon. This agreement was formalized on August 14, 2026, in Yaoundé, as part of a broader initiative by the government to promote nine oil blocks.
La SNH lance une campagne pour six blocs pétroliers au Cameroun
La Société Nationale des Hydrocarbures (SNH) du Cameroun a annoncé la mise sur le marché de six blocs pétroliers, dont deux n'ont pas été exploités depuis 2014. Cette initiative vise à relancer la production pétrolière nationale, qui a connu une baisse significative de 9,4 % en 2025. Les blocs couvrent une superficie totale de 11 000 km², dans un contexte de réserves en déclin.
Cameroun : report des exportations de bauxite de Minim-Martap en raison de problèmes financiers
Les premières exportations de bauxite du gisement de Minim-Martap, prévues pour fin 2026, sont reportées indéfiniment. Ce retard est causé par la suspension d'un crédit de 82 milliards FCFA par AFG Bank, impactant le projet de Canyon Resources. La situation est exacerbée par des tensions actionnariales et des incertitudes financières.
La SNH défend la stratégie gazière du Cameroun après la fin de Hilli Episeyo
La Société nationale des hydrocarbures (SNH) a démenti les accusations d'échec de la stratégie gazière du Cameroun suite à la fin des opérations de la plateforme Hilli Episeyo au large de Kribi. SNH a affirmé son engagement dans une nouvelle phase de développement gazier, répondant aux critiques formulées par le média Africa Intelligence. La SNH a insisté sur le fait que ces allégations ne reflètent pas la réalité de la situation gazière du pays.