Market Size of Chad Oil and Gas Upstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 0.19 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Chad Oil & Gas Upstream Market Analysis
The market for oil and gas upstream in Chad is expected to grow at a CAGR of more than 0.19% during the forecast period of 2020 - 2025. Factor such as increasing exploration is expected to increase the growth of the Chad oil and gas market during the forecast period. However, attacks on the supply chain by militants in the country are impeding growth in the entire oil and gas sector.
- Oil is the most important export commodity in the country. The production of natural gas in the country is meager, and most of the export in the country is accounted for by the export of oil. The oil is expected to keep dominating the market in the forecast period.
- Increased governmental and private push into investment in the sector may lead to an increase in the production of oil and create an opportunity for companies in the industry.
- Decreasing oil production in the country is expected to restrain the market in the forecast period. Many oil fields in the country have reached maturity, and production is expected to gradually decline from these oil fields.
