Representative of the State in the upstream hydrocarbons sector
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.
SNH carries out various actions and projects in line with its missions:
- 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.