Victoria’s strategy is to grow into a mid cap E&P company with the development of its existing high class fields and prospects and via the acquisition of opportunistic undervalued assets, particularly in Africa and the FSU.
Since the award of the Exploitation Licence, we now have excellent momentum and remain on schedule for first gas sales in Q4 2011. For more comprehensive photos, please visit our galleries:
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Austin Maritime, the contractors for the pipeline trenching, jointing and installation, mobilised on 31 May and its offices, containers and equipment where moved to site. |
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Rodeo Development Limited’s, (VOG’s wholly owned subsidiary) team of roustabouts in Cameroon |
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Ditchwitch unload. The horizontal boring machine which will enable pipe to be laid across roads, bridges and railways |
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VOG held the ‘inauguration ceremony’ to celebrate ground breaking on the 22nd June. This meeting was attended by many dignitaries and guests of honour. In total, over 150 guests attended and speeches were given by the Mayor of Douala, Cicam (a textile manufacturer and customer,) Kevin Foo, Chairman of Victoria Oil and Gas and His Excellency Ndinga Ndanga, Minister for Industry, Mines & Technology. |
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Television & press numbered approximately 50 and many interviews took place with our team and the Cameroon Government. The wide spread published level of support pledged by the Minister & the Governor has raised the profile of our project even further across Cameroon to potential customers and stakeholders. |
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Excavation for the pipeline route of way commenced on the 11th June at the Logababa site. The trenching team are working 7 days a week and up to 20 hours per day. Our construction plan includes shoring of all trenches deeper than 1.2 meters and the use of temporary drainage and pumps to keep the pipeline route clear of water. |
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The Company also commenced work on the production trees and baseline caliper logs.
This work will be complete at the end of June. |