Aug.
2001 Vol. 222 No. 8 International Outlook
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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
A consortium, including ExxonMobil, Chevron and
Petronas, is constructing a pipeline linking the oil fields in landlocked Chad with Cameroons 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 basins 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.
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