November 23, 2017 9:18 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Societe Nationale des Hydrocarbures

Company Overview

Societe Nationale des Hydrocarbures develops and exploits hydrocarbon resources in Cameroon. Its activities include promoting, developing, and following up various hydrocarbon activities, as well as managing and marketing crude oil. The company was founded in 1980 and is based in Yaounde, Cameroon with an additional office in Douala, Cameroon.

Rue 1877

Yaounde,  

Cameroon

Founded in 1980

Phone:

237 2 20 19 10

Fax:

237 2 20 98 69

Key Executives for Societe Nationale des Hydrocarbures

Chairman of the Board and Chief Executive Officer
Managing Director
Head of E&P Division for Gas
Compensation as of Fiscal Year 2017.

Societe Nationale des Hydrocarbures Key Developments

Gazprom Signs 8-Year Contract to Buy All Gas from Perenco, Golar LNG and Societe Nationale des Hydrocarbures du Cameroun's FLNG plant

Gazprom Marketing & Trading Singapore Pte Ltd. has signed an eight-year contract to buy all 1.2 million tonnes of gas to be produced annually by the Hilli floating liquefied natural gas (FLNG) plant off the coast of Cameroon. The parties to the contract - Gazprom M&T, Perenco, Golar LNG and Societe Nationale des Hydrocarbures du Cameroun (SNH). The field is owned by SNH and Perenco. The operator of the LNG project will be Golar, which is now converting the vessel Hilli for the project at a shipyard in Singapore. Hilli started out as an LNG tanker in the early 1970s, but after its conversion it will become a full-fledged floating LNG plant. The plant is expected to start operating in the second quarter of 2017 and commercial shipments are expected to begin in the second half of that year. In that case, it will become the first project of its kind in Africa to go into commercial operation. Two similar projects are now in the works: Fortuna with Ophir as operator off the coast of Equatorial Guinea (2.2 million tonnes per year) and Eni's Coral plant off the coast of Mozambique (2.5 million tonnes per year). The price of the LNG will be linked to Brent crude with a coefficient of about 11.25%, which is in line with other recently signed contracts in the industry. The price will be in the range of $7 to $8 per 1 million BTU based on a forecast Brent price of $56.80 per barrel in 2017, according to Interfax calculations. The agreement does not impose any restrictions on where the LNG is resold, so Gazprom M&T is expected to sell the Cameroonian LNG in Latin America, North Africa and East Asia, markets in which the company has been trying to gain a foothold for some time.

Similar Private Companies By Industry

Company Name Region
Cameroon Oil Transportation Company S.A. Middle East/Africa
Kombe-N'sepe Block Middle East/Africa
Société Camerounaise des Dépôts Pétroliers Middle East/Africa
Société Nationale de Raffinage S.A. Middle East/Africa
Societe Nationale des Hydrocarbures Middle East/Africa

Recent Private Companies Transactions

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No transactions available in the past 12 months.
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