The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
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.