Victoria Oil & Gas, the emerging African energy utility company, today announces that its Cameroon operating subsidiary, Gaz du Cameroun ("GDC"), has successfully completed a new thermal gas connection with glass manufacturer SOCAVER.
The SOCAVER plant is now substantially online and is expected to consume an average of 400,000 scf/d running 24 hours per day, with peak demand estimated at 764,000 scf/d.
SOCAVER is a subsidiary of SABC breweries, a major drinks and beverage manufacturer in Cameroon. This connection supplies gas to up to six burners, following their conversion to gas from Heavy Fuel Oil ("HFO"). For several months GDC's team worked alongside SOCAVER to build the case for conversion. Both teams then worked together to implement the project and ensure a clean and safe changeover.
This represents the 20th thermal gas connection made by GDC since commercial operations began.
Kevin Foo, Chairman said; "SOCAVER coming online provides a useful sales volume increase for GDC with big growth potential. This is another successful project with one of Cameroon's leading business groups, SABC. I am also pleased with the progress being made on supplying new products and services to industrial energy users in Douala and we shall provide regular updates on these projects."
For further information, please visit www.victoriaoilandgas.comor contact:
Victoria Oil & Gas Plc
Kevin Foo/Chane Brooks/Laurence Read Tel: +44 (0) 20 7921 8820
Daniel Fox-Davies Tel: +44 (0) 20 3463 5010
Strand Hanson Limited
Angela Hallett / Stuart Faulkner Tel: +44 (0) 20 7409 3494
Ed Portman / Conrad Harrington / Simon Hudson Tel: +44 (0) 20 7920 3150
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