Parlym has secured the engineering studies contract for the Yoyo-Yolanda gas project, a cross-border field set to be developed jointly by Cameroon and Equatorial Guinea.
According to the 2024 activity report of Cameroon’s National Hydrocarbons Company (SNH), the firm has been selected to carry out the technical studies required to advance the project.
The award comes as the project gains momentum across technical, legal, and operational fronts. SNH plans to establish a dedicated team to oversee the execution of the studies once they begin.
Parlym’s mandate covers the engineering work needed to define how the gas field will be developed. This includes identifying the most suitable technical solutions, as well as the infrastructure required for processing and monetizing the resources. The study phase is expected to last around six months, according to sources familiar with the matter.
This stage is critical to shaping the project’s next steps. It will determine the development plan, technology choices, infrastructure needs, as well as cost estimates and timelines. For a project of this scale, engineering studies are a necessary step before any move into execution.
The Yoyo-Yolanda project made significant progress earlier this year on the diplomatic and institutional front. On February 1, an official visit to Equatorial Guinea led by Cameroon’s acting minister of Mines, Industry, and Technological Development helped advance discussions toward signing a unitization agreement.
This agreement is considered essential for the joint exploitation of the field, whose reserves are estimated at 2.5 trillion cubic feet of natural gas.
The proposed development plan includes the installation of a processing platform within the Yoyo production sharing contract area, along with the drilling of three development wells. The unitization agreement is also expected to define drilling operations on both sides of the maritime border.
Chevron has been appointed as the project operator, with total investment estimated at $4 billion.
The selection of Parlym marks a concrete step forward in the project’s development, although uncertainties remain over the timeline for the start of construction.
Amina Malloum
