BMI View: Crude production will fall throughout our forecast as steep decline rates take their toll. Newinvestment in Chad's reservoirs is threatened by the ongoing dispute between the largest producer,ExxonMobil and the Chadian government.
Latest Updates And Key Forecasts
Consumption for refined fuels is set to increase throughout our forecast period at an average annual rateof 4.0% y-o-y. Chad's refined fuel consumption starts from a low base, with the majority of demandcoming from the electricity sector.
Despite the last couple of years providing positive drilling results, exploration prospects are weak inChad throughout the forecast period. Capex cuts across all companies operating in Chad will limitexploration activity. Simba Energy has ambitious exploration plans in Chad, covering the Erdis BlockIII and the Chari Sud Blocks I and II. The exploratory programs include a range of surveys andexploration drilling.