UK-based TOWER Resources has awarded CIME Services Sarl of Cameroon (CIME) a contract for support in preparing an Environmental and Social Impact Assessment (ESIA) for the drilling of multiple wells on Tower’s Thali licence in Cameroon.

The ESIA is governed by the Ministry of Environment, Nature Protection and Sustainable Development of Cameroon (MINEPDED).

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Under the contract, CIME will offer support in connection with the preparation and approval by MINEPDED of the terms of reference of the ESIA, the preparation of a stakeholder consultation report.

The contract also covers support through public hearings and the submission of the ESIA report to the MINEPDED for approval.

“This represents a further step towards our goal of reaching oil production at Thali as soon as possible.”

Tower Resources chairman and CEO Jeremy Asher said: “Commencing the ESIA process now is important to enable Tower to be in a position to commence drilling in the second half of 2018.

“We look forward to working with CIME and MINEPDED on the assessment, and will update shareholders as the work proceeds.

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“This represents a further step towards our goal of reaching oil production at Thali as soon as possible.”

According to the company, the completion and approval of the ESIA represents a significant step before commencing the drilling campaign on the Thali licence.

Tower expects that the ESIA process will be completed by June next year.

The Thali production sharing contract (PSC), which covers an area of 119.2km², was awarded in September 2015 for an initial exploration period of three years.