3.750
%
Negative
85
mm boe
100
%
Despite a period of calm, there continues to be a feeling of unrest in the country, hence the higher-than-average discount rate. Presidential elections in 2016 were accompanied by unrest, and with the country vulnerable to fluctuations in the commodity cycle, we are concerned that the government will raise revenue from squeezing the O&G sector; the outlook remains Negative.
March 16, 2024
Africa - Central
mm bbl
bcf
Central Africa, south of Libya.
PSC/PSA
Under this regime, the contractor undertakes petroleum activities on behalf of the State but at the contractor’s sole and full risk. The contractor is not entitled to be granted a mining title. Exploration operations are undertaken following exclusive exploration authorisation granted to the contractor for a maximum period of five years, renewable once for three years. The exclusive exploration authorization provides exclusive rights to undertake exploration activities within the contractual zone. In the case of a commercial discovery, an exclusive exploitation authorization for a maximum period of 25 years that is renewable once for 10 years.
Chad is Africa’s fifth largest country by geographic/surface area, encompassing three agro-climatic zones. Chad is landlocked, bordering Libya to the north, Sudan to the east, Central African Republic (CAR) to the south, and Cameroon, Nigeria, and Niger to the west (with which it shares Lake Chad). The nearest port – Douala, Cameroon – is 1,700 km from the capital, N’Djamena. Chad is one of six countries that constitute the Central African Economic and Monetary Community (CEMAC), a common market. Chad’s human development is one of the lowest in the world according to the UN Human Development Index (HDI), and poverty afflicts a large proportion of the population.
Source: ESRI, Heritage Index, HMG Foreign & Commonwealth Office, US Department of State, International Trade Administration, International Law Review, Ernst & Young, Wood Makenzie & OGA data.
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