Africa: Chad

AFRICA

Cyril Widdershoven, Consultant, Sittard, Netherlands (Libya, Tunisia, Uganda, Algeria, Sudan, Chad, Egypt, Morocco, Mauritania and Senegal sections); Geoff H.H. King, Managing Editor, energyeuroafrica.com (Libya, Tunisia and Uganda sections); Mark Pabst, Senior Editor, Oil and Gas North Africa magazine, Cairo (Algeria, Sudan and Chad sections); David Fuller, Senior Researcher, Oil and Gas North Africa magazine, Cairo (Egypt, Morocco, Mauritania and Senegal sections); and World Oil Staff

Chad

Click for enlarged view

A consortium, including ExxonMobil, Chevron and Petronas, is constructing a pipeline linking the oil fields in landlocked Chad with Cameroon’s Atlantic coast. The World Bank contributed $39.5 million to the Chadian portion. The International Finance Corporation (IFC) has also promised a $100-million loan to the three oil companies, and another $300 million will be made available via commercial banks.

ABNAMRO, Credit Agricole Indosuez and 16 other banks already provided a total of $600 million in financing. Petronas owns 35% of the project consortium, Chevron owns 25% and ExxonMobil has a 40% stake.

The Doba basin’s three fields – Bolobo, Kome and Miandoun – are expected to yield 900 million to 1 billion bbl of crude oil. The consortium plans to drill 300 wells, with peak production projected at 225,000 to 250,000 bpd. Production will begin in 2003, with pipeline installation and drilling beginning later this year. Further exploration is targeting an area near Lake Chad.