The SNH, a development catalyst for Cameroon.
The National Hydrocarbons Company (SNH) of Cameroon is a public capital company with the State as the sole shareholder. Created on March 12, 1980 and endowed with financial autonomy, it has its headquarters in Yaoundé.
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 entry into production of the Kolé field. Production reached the record level of 186,000 barrels/day in 1985. But, from 1986, the year of the “counter-oil shock”, it began to decline. Faced with this situation, incentive measures aimed at relaunching exploration/production were taken by the State in 1990. Thanks to these measures, oil production was launched in the Douala/Kribi-Campo basin in 1997, from Ebomè field.
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 entry into production of the Kolé field. Production reached the record level of 186,000 barrels/day in 1985. But, from 1986, the year of the “counter-oil shock”, it began to decline. Faced with this situation, incentive measures aimed at relaunching exploration/production were taken by the State in 1990. Thanks to these measures, oil production was launched in the Douala/Kribi-Campo basin in 1997, from Ebomè field.
To accomplish its missions, SNH is empowered to:
- conduct studies related to hydrocarbons;
- collect and store related information;
- conduct negotiations of oil and gas contracts, in cooperation with the ministries in charge of Mines, Finance, Energy, Economy, Trade and Environment;
- carry out all commercial, fixed and non-fixed assets transactions directly or indirectly related to the corporate purpose;
- carry out all financial operations in connection with the Ministry in charge of Finance;
- monitor the implementation of oil and gas contracts between the State and companies operating in the hydrocarbons sector;
- promote infrastructure creation for the production, transportation, processing and storage of hydrocarbons on the national territory;
- collect natural gas from producing companies and transport thereof to industries, power producers, other eligible customers, distribution companies and processing plants;
- sign, if need be, contracts with companies active in the field of production, transportation, distribution, processing or storage of hydrocarbons based in Cameroon;
- contribute to the formulation and implementation by the State, of its management policy for the downstream hydrocarbons sector.
- demarcation, promotion and allocation of free blocks in the national mining domain;
- development and exploitation of oil and gas fields in association or sole risk, permitting the valorization of national hydrocarbon resources;
- monitoring of associations management in a bid to control oil costs, whose increase has an impact on State revenues;
- monitoring of crude oil lifting activities at terminals;
- conduct of gas projects which aim notably at increasing national electricity supply, in a bid to support the development of the industrial fabric and reduce the deficit in domestic gas supply;
- lifting and marketing the share of national hydrocarbons production accruing to the State, as allocated in the contracts;
- transfer to the Public Treasury, after deducting production costs, of income derived from the sale of hydrocarbons, which contributes to the funding of the State budget;
- management of security stocks of petroleum products to ensure supply in the country in the event of a major contingency;
- conduct of studies and execution of various projects related to its missions in the oil, gas, para-petroleum, as well as related sectors.
To accomplish its missions, SNH is empowered to:
- conduct studies related to hydrocarbons;
- collect and store related information;
- conduct negotiations of oil and gas contracts, in cooperation with the ministries in charge of Mines, Finance, Energy, Economy, Trade and Environment;
- carry out all commercial, fixed and non-fixed assets transactions directly or indirectly related to the corporate purpose;
- carry out all financial operations in connection with the Ministry in charge of Finance;
- monitor the implementation of oil and gas contracts between the State and companies operating in the hydrocarbons sector;
- promote infrastructure creation for the production, transportation, processing and storage of hydrocarbons on the national territory;
- collect natural gas from producing companies and transport thereof to industries, power producers, other eligible customers, distribution companies and processing plants;
- sign, if need be, contracts with companies active in the field of production, transportation, distribution, processing or storage of hydrocarbons based in Cameroon;
- contribute to the formulation and implementation by the State, of its management policy for the downstream hydrocarbons sector.
- demarcation, promotion and allocation of free blocks in the national mining domain;
- development and exploitation of oil and gas fields in association or sole risk, permitting the valorization of national hydrocarbon resources;
- monitoring of associations management in a bid to control oil costs, whose increase has an impact on State revenues;
- monitoring of crude oil lifting activities at terminals;
- conduct of gas projects which aim notably at increasing national electricity supply, in a bid to support the development of the industrial fabric and reduce the deficit in domestic gas supply;
- lifting and marketing the share of national hydrocarbons production accruing to the State, as allocated in the contracts;
- transfer to the Public Treasury, after deducting production costs, of income derived from the sale of hydrocarbons, which contributes to the funding of the State budget;
- management of security stocks of petroleum products to ensure supply in the country in the event of a major contingency;
- conduct of studies and execution of various projects related to its missions in the oil, gas, para-petroleum, as well as related sectors.
History of the SNH
History of the SNH
An expanding group
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% |