Caracal Energy starts shipping oil from onshore Chad

oil barrelCaracal Energy has a joint-venture agreement with Société des Hydrocarbures du Tchad and GlencoreXstrata to ship oil from the Badila field. (Image source: Kim Stromstad/Flickr) Caracal Energy has started oil shipments from the Badila field, onshore Chad, to the Atlantic Ocean port of Kribi in Cameroon

According to a company statement, Caracal Energy has a joint-venture agreement with Société des Hydrocarbures du Tchad and Glencore Xstrata to ship oil from the Badila field. The oil produced from the Badila field is channelled through an export transportation system. Caracal Energy's oil production facility was inaugurated in June 2013. 

Caracal Energy said that it has to produce 450,000 barrels for the export shipment line. The export transportation line reportedly has a capacity to transport 250,000 bpd.

Caracal Energy said that its initial oil production will be from the Badila-1 and Badila-2 wells in the Badila block.

The Canadian oil and gas explorer began exploratory drilling on the Badila oilfield in southern Chad, with one well each in August and September 2013. It also etched a transportation deal with Tchad Oil Transportation Company-Cameroon Oil Transportation Company (TOTCO-COTCO) for export via pipeline. 

The first three Badila oil wells drilled by Caracal Energy in the area have the combined capacity to deliver 14,000 bpd.

Caracal Energy chief executive officer Gary Guidry said, “First oil production is a milestone for our joint venture. We expect first revenue from this production in Q1 2014. We have been drilling wells and constructing additional facilities and transportation infrastructure through the summer. We are on schedule to provide additional production from Badila and Mangara fields in the coming months."


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