Market Overview
| Study Period | 2021 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2021 - 2023 |
| Growth Rate | 0.54% CAGR |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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Chad Oil And Gas Market Analysis by Mordor Intelligence
The Chad Oil and Gas Market is expected to register a CAGR of greater than 0.54% during the forecast period.
The COVID-19 pandemic negatively impacted the market in 2020. Presently, the market has reached pre-pandemic levels.
- Over the long term, increasing investments and rising gas production in the country are expected to boost the Chadian oil and gas market during the forecast period.
- On the other hand, political instability and terrorism in the country are likely to impede the growth of the oil and gas sector during the forecast period.
- Investments are being made in the country's exploration and production of oil reserves, which may continue to rise during the forecast period. These investments may also provide an opportunity for the midstream and downstream players in the country's oil and gas market.
Chad Oil And Gas Market Trends and Insights
Midstream Sector to Witness Growth
- Chad ranks as the 10th-largest oil reserve holder among African countries. Petroleum is Chad's primary source of public revenue, and around 90% of oil production is exported. Its oil production is dominated by the China National Petroleum Company in Chad (CNPCIC), the ExxonMobil-led Esso Exploration & Production Chad Inc.
- The pipelines are mostly clustered in the country's southern region, with one of the pipelines connecting Cameroon with Chad. Few proposals are in the initial stage and may get approved during the forecast period.
- Niger-Chad oil pipeline is a proposed oil pipeline in Central Africa. However, due to economic viability issues, little progress has been made. The pipeline is expected to maintain a capacity of 60,000 barrels per day.
- The Chad-Cameroon oil pipeline is in Central Africa that runs from Doba Basin, Chad, to Kribi, Cameroon. The pipeline has a length of 1,070 km and a capacity of 225,000 barrels per day.
- In July 2022, the Perenco-owned company announced the delivery of its first oil to the Chad-Cameroon pipeline, signaling a new era of oil production and distribution in Africa. PetroChad Mangara announced the export of its first barrel of oil via the Chad-Cameroon pipeline, ushering in a new era of production and revenue generation for Chad.
- Hence, the midstream sector is expected to witness significant growth during the forecast period due to the rising investment in the midstream infrastructure.
Decreasing Oil Production to Restrain the Market
- Chad has an oil refinery that was constructed in collaboration with the China National Petroleum Corporation, with a capacity of approximately 20,000 barrels per day.
- Glencore, a large upstream corporation in the country, lost its license for exploration in the country. The government and the corporation could not finalize a deal for a new license. The deal is less likely to be finalized in the near future as the corporation's finances have reduced.
- As of 2021, Chad held around 1.5 billion barrels of proven oil reserves. Oil accounts for 0.1% of the total proven reserves of natural gas in the world. Producing oil reserves in the country may lead to substantial growth in the sector.
- The Chadian oil and gas industry is expected to grow slightly during the forecast period due to the decreasing oil production and increasing investment in the oil and gas sector.
- Therefore, decreasing oil production is expected to restrain the market in the future.
Competitive Landscape
The Chadian oil and gas market is moderately consolidated. Some of the major companies (in no particular order) include China National Petroleum Corporation, ExxonMobil Corporation, Total SA, Chevron Corporation, and Societé des Hydrocarbures du Tchad.
Chad Oil And Gas Industry Leaders
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China National Petroleum Corporation
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Exxon Mobil Corporation
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Total SA
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Chevron Corporation
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Societé des Hydrocarbures du Tchad
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- November 2022: ExxonMobil Corp. closed a USD 407 million sale of its operations in Central Africa's Chad and Cameroon to London-listed firm Savannah Energy PLC. As per the deal, the British firm will take over Exxon's 40% indirect interest in the Chad-Cameroon export transportation system, a 1,081-km (672-mile) pipeline, and floating storage and offloading facility offshore in Cameroon. Savannah also operates in Nigeria and Niger.
Chad Oil And Gas Market Report Scope
Oil and natural gas are major industries in the energy market and play an influential role in the global economy as the world's primary fuel source.
The Chadian oil and gas market is segmented by sector into upstream, midstream, and downstream. The report offers the market size and forecasts in USD billion for the above segments.
Sector
| Upstream |
| Midstream |
| Downstream |
| Sector | Upstream |
| Midstream | |
| Downstream |
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Key Questions Answered in the Report
What is the current Chad Oil and Gas Market size?
The Chad Oil and Gas Market is projected to register a CAGR of greater than 0.54% during the forecast period (2025-2030)
Who are the key players in Chad Oil and Gas Market?
China National Petroleum Corporation, Exxon Mobil Corporation, Total SA, Chevron Corporation and Societé des Hydrocarbures du Tchad are the major companies operating in the Chad Oil and Gas Market.
What years does this Chad Oil and Gas Market cover?
The report covers the Chad Oil and Gas Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the Chad Oil and Gas Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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