Hilli Episeyo Vessel Operation: The 2018-2026 Financial Scorecard
After eight years of industrial operation off the coast of Kribi, Norwegian group Golar LNG has presented the economic scorecard for the Hilli Episeyo floating liquefaction vessel. According to data finalized at the end of the contract and recorded in the group's Environmental, Social and Governance (ESG) report published on October 23, 2026, the project generated a cumulative $1.5 billion, or 853 billion CFA francs, for the Cameroonian Treasury.
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This overall envelope covers all financial flows distributed to public stakeholders over the 2018-2026 period, without a detailed breakdown between state tax revenues, dividends from the National Hydrocarbons Corporation (SNH), or sector-specific royalties.
In terms of local economic anchoring, the scorecard presented by the gas infrastructure provider reports over $80 million in purchases of goods and services injected into the national supplier fabric, representing nearly 45.5 billion CFA francs. This procurement scope mobilized more than 70 Cameroonian companies and service providers, with an annual local spending rate set at $12 million (6.8 billion CFA francs) for the 2025 fiscal year alone.
On the human resources and technology transfer front, the floating unit employed over a hundred nationals, who accounted for more than 40% of the seagoing and technical crew aboard the facility. These operations were accompanied by 400 technical qualification sessions and an academic support program for local talent. On the industrial side, the Hilli Episeyo processed natural gas extracted from the offshore Sanaga-Sud field into 10.79 million tonnes of LNG, shipped via 156 international cargoes between June 2018 and July 2026. Having completed its final loading on July 27, 2026, the vessel left Cameroonian waters on August 4 bound for the Seatrium shipyards in Singapore for an upgrade ahead of its 20-year contractual redeployment in Argentina.
Nlend Flore
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