ExxonMobil Begins Exploration in Chad
A consortium led by ExxonMobil has begun exploration efforts in Chad. The $3.5 billion project, to pump oil from landlocked Chad, via a controversial 1,050-kilometer pipeline through Cameroon, is scheduled to be on stream by the fourth quarter of 2003. A 300-well development drilling program got underway in February of this year. "Development drilling is under way and began in February 2002.
The Doba basin oilfields in southern Chad, with recoverable reserves of about one billion barrels, will hit peak output of 225,000 barrels per day, and would be shipped from the Cameroonian Atlantic Ocean coast at Kribi.