Caracal Close To First Oil in Chad - Africa’s premier report on the oil, gas and energy landscape.

Caracal Close To First Oil in Chad

Canadian operator Caracal Energy will start exporting up to 14,000 barrels of oil per day (BOPD) from its Badila field in Chad before the end of 2013, the company says in a release. Caracal is making progress toward producing into the export line from Chad to Cameroon. The Company will initially ship 468,000 barrels of line fill contribution for the partners Glencore, SHT and Caracal, after which it can accumulate oil for sale.

“We are very pleased with the progress we are making with the governments of Chad and Cameroon and TOTCO/COTCO, as we move closer toward finalising documentation and technical work necessary to begin shipping crude”, says  Gary Guidry, President and Chief Executive Officer. TOTCO/COTCO is abbreviation for Tchad Oil Transportation Company and Cameroon Oil Transportation Company.
Caracal completed the Badila Production facility during Q2 2013. This included the tie-in of the first two production wells Badila-1 and Badila-2. The 14,000 BOPD will initially come from production in these two. The third development well, Badila-3, is yet to be hooked up. Badila-4 appraisal well was spudded on August 8, 2013, appraising southeast extension of the primary Badila Field where the first three development wells are located. The well location was chosen to target a new structural high that was mapped on the recent 3D seismic programme shot over Badila in Q2 2013. “The Badila field has total possible reserves of 40 million barrels, over and above the proved plus probable reserves of 45 million barrels”, the company says in the release. “Much of the possible reserves are associated with the area in and around the Badila-4 well location”. 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.


1 comment

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