Consumer durables is a cataloguing of consumer goods that are not essential to be bought very often as they are fashioned in a way so as to last for an extended period of time. Profits in the consumer durables sector were most profoundly…
BMI View: With an FID on Golar LNG and a stronger-than-expected oil production growth, Cameroon
benefited from an upward revision in both oil and gas production over our forecast period. In addition, the
country will now become an LNG net exporter from 2017 onward, an important tool for exports
diversification, notably after the large oil price drop over the past year. Nevertheless, we maintain that
Cameroon remains a modest oil and gas producer and more exploration will need to take place to boost its
long-term prospects further.
? Ongoing exploration provides much-needed upside risk to Cameroon's oil and gas reserves. The country's
offshore basins are the most prospective, with the Rio del Rey Basin to attract the most interest. In the
context of bearish oil prices, we believe that Cameroon stands to benefit from companies refocusing
investments towards more proven and shallow-water offshore plays.