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Cameroon’s 2026 Licensing Round: A Regulatory and Compliance Guide for Prospective Bidders

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Cameroon

Cameroon’s 2026 licensing round provides access to blocks located in established producing basins with available subsurface data

SANDTON, South Africa, February 26, 2026/APO Group/ —Introduction

Cameroon’s 2026 licensing round represents one of the most structured and commercially compelling entry points into  proven producing basins in Central Africa in recent years. Within its mandate to promote and valorise hydrocarbon resources in the national oil and gas domain of the Republic of Cameroon, the The Société Nationale des Hydrocarbures (SNH) has brought to market nine blocks located in the Rio del Rey and Douala/Kribi-Campo basins, all of which lie in close proximity to existing producing fields and are supported by 2D and 3D seismic coverage, drilled wells, discovery wells, identified leads and undrilled prospects. This is taking place in a country with approximately 200 million barrels of proven oil reserves (U.S Energy Information and Worldometer Data) and significant gas potential, governed by a modern legislative framework under Law No. 2019/008 of 25 April 2019 instituting the Petroleum Code, its enabling acts and and Decree n° 2023/232 of May 04, 2023.

For investors, the decisive question is whether their bid satisfies the legal and regulatory conditions for participation and evaluation. Entry into the round is determined at the submission stage by a number of mandatory parameters: the choice of petroleum contract under the Petroleum Code, the commitment to a minimum work programme within the exploration periods, the ability to meet the corporate, technical, financial, environmental and local content requirements set out in the Call for Expression of Interest. These are the criteria against which bids will be assessed.

This article sets out the legal and regulatory framework governing participation in Cameroon’s 2026 licensing round. It focuses on the mandatory requirements bidders must satisfy under the Petroleum Code and the SNH Call for Expression of Interest.

Key Milestones in the Bidding Process

Although the licensing round was launched on 1 August 2025, the process is now approaching its final stages. With the data consultation period closing on 15 March 2026 and the bid submission deadline fixed for 30 March 2026, prospective bidders are in the critical phase of finalising their technical evaluation, corporate structuring and financing arrangements. At this stage, the focus is on the preparation of a compliant and competitive proposal. The Call for Expression of Interest sets out the procedural timetable below.

No Milestone Date
1 Launch of the licensing round 1 August 2025
2 Opening of data consultation period 1 September 2025
3 Close of data consultation period 15 March 2026
4 Deadline for submission of proposals 30 March 2026 – 12:00 noon (local time)
5 Public opening of proposals in the presence of

all bidding companies or their representatives:

30 March 2026- 13:00 (local time)
6 Publication of the results:

 

24 April 2026

 

 

Participation in the Licensing Round: Pre-Qualification and Eligibility

Participation in the licensing round is subject to the pre-qualification requirements of the Petroleum Code and the Call for Expression of Interest. Under Law No. 2019/008 of 25 April 2019 Sections 2 and 7, petroleum operations may be conducted only by a petroleum company, defined as a commercial company or public industrial and commercial establishment with the technical and financial capacity to carry out such operations in safe, hygienic and environmentally safe conditions, accordance with applicable laws and international standards.

The process is open to both Cameroonian and foreign petroleum companies and there is no nationality restriction. A foreign company must, prior to the signing of the petroleum contract, establish a locally registered subsidiary that will remain in place for the duration of the contract. Participation is therefore limited to legally constituted entities, and the corporate, financial and operational documentation required in the proposal effectively excludes individuals.

Bids may be submitted by a single company or by a consortium. In the case of a consortium, the legal structure of the bidding vehicle is examined prior to the technical evaluation of the proposal and, where only one petroleum company is involved, that company must act as operator and hold the majority participating interest.

The Call for Expression of Interest further provides that the State reserves the right, following evaluation of proposals and notification of the results, to enter into negotiations with several companies simultaneously for a given block with a view to securing the most favourable contractual terms. It also retains the discretionary power to accept or reject any proposal without assigning reasons. This underscores the competitive nature of the process and the importance of submitting a proposal that is not only technically and financially credible but also fully compliant with the legal and corporate requirements of the round.

Assets on Offer and Minimum Work Programme Commitments

The Call for Expression of Interest invites bids for nine exploration blocks located in the Rio del Rey and Douala/Kribi-Campo basins. Bids may be submitted for one or more blocks, subject to compliance with the proposal requirements.

Each block is associated with a defined minimum work obligation which must be reflected in the bidder’s technical and financial offer. These commitments constitute the baseline for the evaluation of the proposal and are summarised below.

 

Work Obligation

 

Block(s) Minimum Work Program Requirement
3D Seismic Acquisition + 1 Exploration Well Ntem, Tilapia, Etinde Exploration, Elombo Drilling of at least one exploration well during the initial exploration period together with 3D seismic acquisition and geoscience studies
2D/3D Seismic Acquisition + 1 Exploration Well Kombe-Nsepe, Bomono Drilling of at least one exploration well during the initial exploration period together with 2D and/or 3D seismic acquisition and geoscience studies
3D Seismic Reprocessing + 1 Exploration Well Bolongo Exploration Drilling of at least one exploration well together with reprocessing of available 3D seismic data and geoscience studies
2D/3D Infill Seismic + 1 Exploration Well Ndian River, Bakassi Drilling of at least one exploration well together with 2D/3D infill seismic acquisition

 

Mandatory Selection of the Petroleum Contract

The Call for Expression of Interest requires each bidder to specify in its proposal the type of petroleum contract for which it is applying. The choice of contract is therefore a mandatory condition for participation in the licensing round and forms part of the admissibility of the bid.

In accordance with section 14 of Law No. 2019/008 of 25 April 2019 instituting the Petroleum Code, upstream petroleum operations in Cameroon are conducted under one of the following contractual models concluded with the State:

 

(a) Concession Contracts: where the holder shall be responsible for financing petroleum operations and, in accordance with the terms of the contract, dispose of the hydrocarbons extracted during the contract validity period, subject to the right of the State to collect royalties in kind.

(b) Production Sharing Contracts: where the holder shall be responsible for financing petroleum operations and, hydrocarbon production shall be shared between the State and the holder in accordance with the terms of such contract.

(c) Risk Service Contracts: where the holder shall be responsible for financing petroleum operations and, shall be remunerated in cash in accordance with the terms of such contract.

The legal and fiscal consequences of the choice of contract, shape the entire bid. From a financing perspective, it determines how reserves are booked, how lenders analyse the revenue stream and how the contractor’s return is structured. From a governance perspective, it determines the degree of operational control, the mechanisms for cost recovery and the conditions under which the State exercises its supervisory powers.

Consortium Structure and Operator Requirement

The Call for Expression of Interest permits bids to be submitted by a single company or by a consortium. In all cases, the bidding vehicle must satisfy the qualification requirements of the Petroleum Code.

In practical terms, this means that operational responsibility must rest with a petroleum company. Where a consortium includes only one petroleum company together with other investors, that company is required to act as operator and to hold the majority participating interest. This allows financial or strategic partners to participate in the project while ensuring that the entity responsible for petroleum operations has the technical and financial capacity required by law.

The legal and corporate structure of the consortium is examined before the technical and financial evaluation of the proposal. The composition of the consortium, the allocation of participating interests and the identification of the operator must therefore be established at the time of submission.

In practical terms, the legal architecture of the consortium is assessed before the geological interpretation of the block or the scale of the work programme. The bid therefore succeeds or fails first as a corporate structure and only subsequently as a technical proposal.

Training Budget as a Mandatory Financial Commitment

Beyond the technical work programme, the Call for Expression of Interest requires bidders to incorporate a defined training budget into their financial offer. The minimum amount is set at USD 100,000 per year during the exploration phase and USD 250,000 per year during the development and exploitation phase.

This obligation forms part of the financial parameters on which the proposal is evaluated and must therefore be reflected in the bid at the time of submission.

From a regulatory perspective, the training budget is one of the instruments through which the State implements the national capacity-building objectives of the Petroleum Code. It operates as a contractual commitment linked to the duration of petroleum operations and must be integrated into the overall project economics from the outset.

Environmental Protection and Local Content

The Petroleum Code integrates environmental protection and local content into the core obligations of the contractor. Sections 87, 88 and 89 require the promotion of employment and training of Cameroonian nationals, the use of local goods and services and the development of national technical capacity.

The SNH requires bidders to submit a specific note explaining how the proposed work programme will address environmental protection and how it will implement the local content obligations established by the Code. These elements are therefore part of the competitive assessment of the bid. Investors who integrate them into their operational model at the bid stage are structurally better positioned to move rapidly into the development phase.

Conclusion:

Cameroon’s 2026 licensing round provides access to blocks located in established producing basins with available subsurface data. At this stage of the process, the differentiating factor for bidders is the ability to submit a compliant proposal supported by demonstrable technical and financial capacity and a credible work programme.

Early and strategic engagement with experienced legal, technical and financial advisers is therefore imperative. The structure adopted for the bid must satisfy the requirements of the Petroleum Code and the SNH’s call for Expression of Interest while at the same time producing a project capable of attracting capital and moving to first production within the contractual timeframe.

*********

CLG advises investors throughout the licensing process, from the structuring of a compliant bidding vehicle to the preparation of the proposal and the negotiation of the petroleum contract. With an established presence in Cameroon and across the Central African energy market, CLG also supports the post-award phase, including regulatory approvals, joint venture arrangements and the implementation of the legal framework required to move from licence to first production.

 

Achare Takor
Senior Associate, CLG Cameroon

Distributed by APO Group on behalf of CLG.

 

Business

Africa’s Lithium Pipeline Gains Momentum as Global Supply Deficits Loom

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Energy Capital

The upcoming African Mining Week 2026 – taking place from October 14-16 in Cape Town – will connect global investors with prospects within the lithium industry amidst an anticipated resource supply deficit by 2028

CAPE TOWN, South Africa, April 9, 2026/APO Group/ –Rising demand for lithium is positioning Africa to attract foreign investment, accelerate local beneficiation and strengthen its role in securing the global battery supply chain. A recent forecast by Wood Mackenzie projects that global lithium demand could exceed 13 million tons by 2050 under an accelerated energy transition scenario. This surge is expected to place significant pressure on supply, with deficits emerging as early as 2028. Without substantial new investments, existing lithium projects will struggle to meet demand beyond the mid-2030s.

 

Against this backdrop, Africa’s growing pipeline of greenfield and development-stage lithium projects positions the continent as an increasingly important contributor to global supply security. In 2025, Africa ranked as the largest source of new lithium supply globally, with new output from the region exceeding that of the rest of the world combined. This milestone underscores the continent’s potential to scale production and strengthen its role in the global battery minerals market.

Emerging Lithium Producers Strengthen Africa’s Supply Pipeline

Even under a slower energy transition scenario, Wood Mackenzie projects that lithium markets will remain adequately supplied until 2037, before entering deficit. This outlook reinforces Africa’s strategic role as new projects across Mali, Zimbabwe, Ghana and Namibia advance toward production.

In the Democratic Republic of the Congo (DRC), Zijin Mining, AVZ Minerals and KoBold Metals are expected to begin operations at the Manono lithium project in mid-to-late 2026, marking the country’s first lithium output. Ranked among the world’s largest hard-rock lithium deposits, Manono is expected to begin exports shortly after commissioning, diversifying DRC’s mineral output while strengthening the continent`s contribution to the global electric vehicles and battery supply chain.

Mali Emerges as a Regional Lithium Hub

Mali is also rapidly positioning itself as a key lithium producer. The Bougouni Lithium Project, commissioned in 2025, currently produces approximately 125,000 tons per annum of concentrate, with Phase Two expansion plans underway that could nearly double production capacity.

Meanwhile, the Goulamina Lithium Project, one of the largest spodumene deposits globally, is producing around 506,000 tons of spodumene concentrate annually, with expansion plans targeting one million tons per year. Together, these projects are expected to significantly strengthen Mali and Africa’s position within the global lithium market.

Ghana and Zimbabwe Expand Lithium Production and Value Addition

In Ghana, the Ewoyaa Lithium Project, developed by Atlantic Lithium, is set to become the country’s first lithium-producing mine, with production targeted for late 2027. The project is expected to produce 3.58 million tons of spodumene concentrate grading 6% and 5.5%, alongside approximately 4.7 million tons of secondary product, further strengthening Africa’s contribution to global lithium supply.

Meanwhile, Zimbabwe – currently Africa’s largest lithium producer – is accelerating efforts to move up the value chain. Government policies restricting the export of raw lithium are encouraging investment in local processing and beneficiation facilities, supporting the production of higher-value lithium products and positioning the country as a key supplier to the global battery materials market.

Investment Momentum Builds Ahead of African Mining Week

With an estimated $276 billion in new investment required to avoid the forecast supply deficits beginning in 2028, Africa’s lithium-rich countries are well positioned to attract the capital needed to expand production and downstream processing.

In this context, African Mining Week 2026 – scheduled for October 14–16 in Cape Town – will serve as a key platform for global investors, project developers and policymakers to engage on opportunities within Africa’s lithium sector. As the continent’s premier mining investment event, the conference will feature high-level discussions, project showcases and strategic networking sessions aimed at accelerating partnerships across the lithium value chain.

Distributed by APO Group on behalf of Energy Capital & Power.

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Business

New Final Investment Decisions (FID) Propel Africa’s Mining Sector as Investors Eye $8.5T Untapped Potential

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Energy Capital

The 2026 edition of African Mining Week will highlight recent and upcoming FIDs, alongside key projects and investment opportunities

CAPE TOWN, South Africa, April 8, 2026/APO Group/ –Australian mining company Resolute Mining has approved a $516 million Final Investment Decision (FID) for its Doropo Gold Project in the Ivory Coast. The FID advances the project into the construction phase, with first production of 500,000 ounces per annum expected by 2028, strengthening the country and Africa’s position as major gold producers. Similarly, Toubani Resources approved a $216 million FID for the Kobada Gold Project in Mali, enabling the project to enter construction. Designed to produce approximately 162,000 ounces of gold per annum, Kobada supports Mali’s strategy to expand gold output beyond the current 60 tons per annum.

 

Such approvals signal growing capital inflows into Africa’s mining sector, as developers advance projects toward production to meet rising global mineral demand while the continent seeks investment partners to unlock its estimated $8.5 trillion in untapped mineral resources.

Rising FIDs Drive New Phase of Growth for African Mining

As more mining projects reach FID stage, Africa’s mining industry is entering a new phase of expansion, with the capital strengthening the continent’s role in global supply chains while driving infrastructure development, job creation and long-term economic growth.

With global demand for critical minerals expected to triple by 2030, FID announcements across Africa are set to accelerate, underpinned by the continent’s 30% share of energy transition metal reserves. The expanding pipeline of FIDs underscores the strong momentum building across the sector.

Rio Tinto approved a $473 million investment decision to extend the life of the Zulti South Project to 2050, strengthening South Africa’s position as a long-term supplier of mineral sands including zircon and ilmenite, which are essential inputs for construction, ceramics and advanced manufacturing industries. Meanwhile, Tharisa approved a $547 million FID for an underground expansion at its Bushveld Complex operations. The project is expected to deliver over 200,000 ounces of platinum group metals (PGMs) annually alongside more than two million tons of chrome concentrate, reinforcing the country’s position as the world’s leading supplier of PGMs.

Beyond these projects, a broader pipeline of developments is advancing toward investment decisions across the continent. Major projects including the Manono Lithium Project in the Democratic Republic of Congo, the Gorumbwa Platinum Project in Zimbabwe, the Diamba Sud Gold Project in Senegal and the Kabanga Nickel Project in Tanzania are progressing toward potential FIDs as investors position themselves to capture rising demand for battery minerals and critical metals.

Investment Momentum Ahead of African Mining Week

This growing pipeline of investment decisions and project developments will be a key focus of the upcoming African Mining Week 2026, taking place October 14–16 in Cape Town. The event will connect investors, project developers and government regulators to explore partnership opportunities and investment prospects across Africa’s mining value chain. Through high-level discussions and project showcases, the conference will examine how rising FIDs are driving production growth, strengthening infrastructure development and advancing Africa’s strategy to transform its mineral wealth into long-term economic value.

Distributed by APO Group on behalf of Energy Capital & Power.

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Energy

Can Equatorial Guinea Reposition as West Africa’s Gas Hub?

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Energy Capital

As Equatorial Guinea advances third-party gas agreements and infrastructure plans, its hub ambitions will be showcased at the Invest in African Energy Forum, with Minister Antonio Oburu Ondo and senior industry leaders confirmed to attend

PARIS, France, April 7, 2026/APO Group/ –Equatorial Guinea is moving from strategy to execution in its bid to become a regional gas hub. A series of agreements signed in early 2026 – covering cross-border supply, upstream participation and infrastructure utilization – are positioning the country to monetize gas through existing assets and regional aggregation.

 

This agenda will take center stage at the Invest in African Energy (IAE) Forum in Paris, where Equatorial Guinea will feature in a dedicated Country Spotlight session led by Antonio Oburu Ondo, Minister of Mines and Hydrocarbons. With participation from key industry players, including Panoro Energy and Perceptum, EG Ronda bid round organizer, the forum will provide a platform to outline the country’s gas sector repositioning and where investors can engage.

Momentum behind this model has accelerated in recent months. In February 2026, Equatorial Guinea and Cameroon signed a unitization agreement to jointly develop the cross-border Yoyo-Yolanda gas fields, estimated to hold around 2.5 trillion cubic feet of gas. Production from the project is slated to feed directly into Equatorial Guinea’s Punta Europa complex, reinforcing the country’s hub strategy without requiring standalone export infrastructure.

Simultaneously, the government strengthened domestic supply through a Heads of Agreement with Chevron to expand the Aseng gas project, increasing GEPetrol’s stake from 5% to over 30%. This not only stabilizes production but also secures additional feedstock for downstream processing, linking upstream development directly to the hub model.

Rather than focusing on new LNG developments, Equatorial Guinea is aggregating domestic and regional gas volumes to maximize existing infrastructure. At the core of this approach is the Punta Europa complex on Bioko Island, one of sub-Saharan Africa’s most advanced gas processing hubs, with LNG, methanol and LPG facilities already in place. The current challenge is securing reliable feedstock as output from legacy fields such as Alba declines.

The Gas Mega Hub initiative offers a faster, more cost-effective route to monetization. By processing third-party volumes from Cameroon, and potentially Nigeria, the country can leverage existing facilities while avoiding the risks and capital intensity of greenfield LNG projects. This approach opens a spectrum of investment opportunities across gas aggregation, transport, processing and downstream integration, often structured through commercially aligned frameworks that reduce execution risk.

Policy and regulatory support are central to this transition. The Ministry of Mines and Hydrocarbons has prioritized regulatory alignment and cross-border cooperation, recognizing that successful hub development depends as much on enabling frameworks as on physical infrastructure. The recent agreements reflect growing clarity and investor confidence.

For the global investment community, IAE 2026 offers a strategic opportunity to engage directly with government and operators shaping the hub model. The participation of both policymakers and companies active in the sector reinforces the credibility and immediate relevance of Equatorial Guinea’s strategy.

Equatorial Guinea is no longer waiting for new discoveries to drive growth. By leveraging existing infrastructure, securing regional supply and building flexible commercial models, the country is positioning itself as a critical node for gas monetization in West Africa. Success here could extend the life of its assets while establishing a platform for regional energy trade.

IAE 2026 (https://apo-opa.co/41nyEZQ) is an exclusive forum designed to connect African energy markets with global investors, serving as a key platform for deal-making in the lead-up to African Energy Week. Scheduled for April 22–23, 2026, in Paris, the event will provide delegates with two days of in-depth engagement with industry experts, project developers, investors and policymakers. For more information, visit www.Invest-Africa-Energy.com. To sponsor or register as a delegate, please contact sales@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

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