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Viewing cable 07YAOUNDE497, NOBLE ENERGY BRIEFS BIYA ON EXPLORATION PLANS IN

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Reference ID Created Released Classification Origin
07YAOUNDE497 2007-04-18 16:21 2011-08-25 00:00 UNCLASSIFIED//FOR OFFICIAL USE ONLY Embassy Yaounde
VZCZCXRO9527
PP RUEHMA
DE RUEHYD #0497 1081621
ZNR UUUUU ZZH
P 181621Z APR 07
FM AMEMBASSY YAOUNDE
TO RUEHC/SECSTATE WASHDC PRIORITY 7613
INFO RUEHZK/ECOWAS COLLECTIVE
RUEHNJ/AMEMBASSY NDJAMENA 1491
RUEHLC/AMEMBASSY LIBREVILLE 1531
RUEHKI/AMEMBASSY KINSHASA 0943
RUEHLU/AMEMBASSY LUANDA 0183
RUEHMA/AMEMBASSY MALABO 0214
RUEHOS/AMCONSUL LAGOS 0396
RHMFISS/HQ USEUCOM VAIHINGEN GE
RHEBAAA/DEPT OF ENERGY WASHDC
UNCLAS YAOUNDE 000497 
 
SIPDIS 
 
SENSITIVE 
SIPDIS 
 
DEPT FOR EB/ESC/IEC, AF/C 
DOE FOR CAROLYN GAY 
EUCOM FOR J5-A AFRICA DIVISION AND POLAD YATES 
 
E.O. 12958: N/A 
TAGS: ENRG EPET PREL CM EK
SUBJECT: NOBLE ENERGY BRIEFS BIYA ON EXPLORATION PLANS IN 
CAMEROON 
 
 
1. (SBU) Summary.  President Paul Biya on April 18 told 
Charles Davidson, the visiting president and CEO of U.S. 
energy exploration company Noble Energy, that he welcomed 
U.S. investment in Cameroon in all sectors.  Biya committed 
his government's full support to Noble and all other U.S. 
investors.  After hearing that Noble will be drilling in 500 
meters of water in the Gulf of Guinea, Biya told Davidson 
that if the company did not find oil there, he would welcome 
exploration in the Bakassi peninsula on Nigeria's border. 
End summary. 
 
2. (U) President Biya met for over 30 minutes with Davidson, 
Noble Executive VP/COO David Stover and other Noble 
executives, accompanied by Charge.  Davidson explained that 
Houston-based Noble Energy was an exploration and development 
company that was one of the first firms to operate in 
Equatorial Guinea.  Noble continues to have active interests 
there as well as in locations throughout the world, including 
China.  Davidson told Biya that Noble had high hopes for its 
planned activities in Cameroon and would maximize synergies 
because its block is adjacent to one the company has in EG. 
Davidson told Biya that because of the depth of the water 
where Noble will drill - 500 meters - there was no guarantee 
they would find oil.  But he said their research indicated a 
high likelihood of success. 
 
3. (U) Biya stressed his support for U.S. investment, 
offering an illustrative anecdote.  He told us that the 
president of another country (he did not specify which) 
confided that he had given an oil exploration concession to a 
non-U.S. firm, which searched for years but found nothing. 
He then offered the concession to a U.S. firm, which promptly 
found oil.  Biya said he was pleased that U.S. investors are 
interested in Cameroon, and assured Davidson of the full 
support of the government.  Biya specifically noted that SNH, 
the national hydrocarbon corporation, was attached to the 
Presidency.  He told Davidson that if he ever had any 
difficulty dealing with any ministry or SNH, he and the 
Embassy could and should bring the matter directly to him. 
 
4. (SBU) Comment.  The very fact that Biya received the Noble 
delegation reflects the importance he attaches to U.S. 
investment in Cameroon.  Biya has offered assurances of full 
government support before, but U.S. firms continue to be 
frustrated by the effort required to navigate Cameroon's 
bureaucracy and fend off corrupt officials.  Biya's comments 
on Bakassi could indicate that he is starting to focus on the 
economic development of that region now that Nigerian troops 
have withdrawn and the transition to full Cameroonian control 
is underway.  End Comment. 
NELSON