Official prices of the Kolé and Lokélé Crude oils set

Prospective exploration, targeted investments and responsible governance were at the heart of discussions during the SNH–PERENCO–ADAX Joint Commission meeting held in Paris on 23 January 2026.

Opening the session, Mrs. Nathalie Moudiki, Representative of the Executive General Manager of the National Hydrocarbons Corporation (SNH), stressed that “setting crude oil selling prices is neither a routine exercise nor a process driven exclusively by oil market fluctuations. It must take into account global geostrategic dynamics and, above all, the political vision of the State of Cameroon, based on its sovereignty and energy independence".

A panoramic view of the African oil market in general reveals that in the fourth quarter of 2025, despite the volatility of international markets, national crude oil production in Cameroon is projected to reach 20.8 million barrels in 2026, before rising to 22.1 million barrels in 2027. These forecasts point to a gradual rebound, closely linked to the success of upstream investments and the stabilization of operating conditions.

Cameroon’s oil environment is undergoing significant changes and the prospects for recovery point to a gradual upturn in production from 2026 onwards, thanks to the combined effect of ongoing development programmes, the optimisation of mature fields and new wells coming on stream.

Based on this assessment, Mrs Nathalie Moudiki, Adviser No. 2 and Head of the Legal Division at SNH, also indicated that on 1^st August 2025, the company launched a new promotion cycle for free blocks in the national oil and gas sector. A total of nine prospective free blocks are being offered through a Call for Expressions of Interest, including six located in the Douala/Kribi–Campo offshore basin, known for its strong geological potential, and three in the Rio Del Rey basin. In the downstream segment, the integrated modular refinery and Kribi Tank Farm project continues to make very encouraging progress.

Overall, SNH’s strategy aims to reinvigorate Cameroon’s upstream oil sector, attract new international investors and secure medium to long-term production. For industry operators, this approach offers reassurance, while underscoring the need for greater transparency and strict compliance with Cameroon’s legal and regulatory framework.