Oil exploration began in Cameroon in 1947. The first commercial discoveries were made in the Rio del Rey basin in 1972; but it was not until 1977 that the country acquired the status of oil producer, following the commissioning of the Kolé field.
Production reached a record level of 186,000 barrels/day in 1985. However, from 1986, the year of the “counter oil shock”, it began to decline.
A civic-minded company concerned with the development of Cameroon, SNH places the general interest at the heart of each of its initiatives. With this in mind, the staff is guided in their daily activities by common fundamental values: the quest for excellence, professionalism, integrity, and a sense of common interest.
Oil exploration began in Cameroon in 1947. The first commercial discoveries were made in the Rio del Rey basin in 1972; but it was not until 1977 that the country acquired the status of oil producer, following the commissioning of the Kolé field.
Production reached a record level of 186,000 barrels/day in 1985. However, from 1986, the year of the “counter oil shock”, it began to decline.
A civic-minded company concerned with the development of Cameroon, SNH places the general interest at the heart of each of its initiatives. With this in mind, the staff is guided in their daily activities by common fundamental values: the quest for excellence, professionalism, integrity, and a sense of common interest.
SNH is actually a group, as it holds interests in various companies in the oil, para-oil and related sectors. SNH's portfolio includes 12 companies.
Company | Sector of activity | SNH share |
---|---|---|
Hydrocarbures Analyses Contrôles (HYDRAC) | Quality control | 97,57% |
Société de trading et d'exportation de pétrole brut et de produits pétroliers (TRADEX) S.A. | Trading | 54% |
Cameroon Oil Terminal S. A. (COTSA) | Storage of crude oilt | 46,5% |
Chanas Assurances S.A. | Insurance | 45,26% |
Chanas Assurances Vie S.A. | Insurance | 20% |
Perenco Rio del Rey | Exploration/production of hydrocarbons | 20% |
Perenco Cameroon | Exploration/production of hydrocarbons | 20% |
Addax Petroleum Cameroon Company S.A. | Exploration/production of hydrocarbons | 20% |
Société Camerounaise des Dépôts Pétroliers (SCDP) | Stockage de produits pétroliers | 15% |
Cameroon Shipyard and Industrial Engineering (CNIC) | Cameroon Shipyard and Industrial Engineering (CNIC) | 6,79% |
Cameroon Hotels Corporation (CHC-Hilton) | Hotel industry | 6,21% |
National Refining Company (SONARA) | Crude oil refining | 6,06% |
Cameroon Oil Transportation Company (COTCO) | Crude oil transportation by pipelinee | 5,17% |