Tuesday 27 August 2013

Caracal Energy Close to First Oil in Chad

Caracal Energy, the Canadian operator in Chad, is looking forward to exporting up to 14,000 barrels of oil per day from its Badila field in Chad before the end of 2013, the company says in a release.

The company is making progress towards producing into the export line from Chad to Cameroon, with an initial shipment of 468,000 barrels of line fill contribution for the partners Glencore, SHT and Caracal, after which it can accumulate oil for sale.

Caracal Energy completed the Badila Production facility in the second quarter of 2013. This included the tie-in of the first two production wells Badila-1 and Badila-2. The 14,000 barrel per day will initially come from production in these two. The third development well, Badila-3, is yet to be hooked up.

Caracal says that the Inland Transportation Authorization (ITA) has been granted and PetroChad Transportation Inc. (PCT) will be shipping and measuring oil shipments into the Export Transportation System through custody transfer metering.

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