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Transit fees from Chad-Cameroon

oil pipeline up 2.5% in 10M-2020

CAMEROON CAMEROON’S Pipeline Steering and Monitor- (IDFC).
ing Committee (PSMC) said last week that it had The Chad-Cameroon pipeline follows a
seen earnings from crude oil shipments through 1,070-km route from south-western Chad to
the Chad-Cameroon pipeline rise slightly in the the Kome-Kribi FSO. It was built by ExxonMo-
first 10 months of the year. bil under a public-private partnership agree-
Between January and October, PSMC rep- ment and began operating in 2003, before the
resentatives said, Cameroon’s government col- US super-major’s exit from Chad. The link is
lected XAF30.71bn ($57mn) in transit fees for operated by Cameroon Oil Transportation Co.
the oil flowing through the link. This represents (COTCO) and has a throughput capacity of
a 2.5% rise on the same period of the previous 225,000 bpd.
year, when transit fees totalled XAF29.97bn According to Cameroon’s national oil com-
($55mn), they noted. pany (NOC) Société Nationale des Hydrocarbu-
They went on to say that the volume of crude res (SNH), the pipeline handled 47mn barrels
oil exported from Cameroon via the Kome- (about 128,767 bpd) of crude last year. These
Kribi terminal, a floating storage and off-load- shipments generated approximately $60mn
ing (FSO) vessel anchored in the Gulf of Guinea worth of transit fees for the Cameroonian gov-
near the port of Kribi, had reached 39.91mn bar- ernment. ™
rels (about 130,852 barrels per day) in the first
10 months of 2020. This marks a 3% increase on
the year-ago figure of 38.79mn barrels (127,599
bpd), they stated.
The PSMC representatives attributed the rise
in export volumes to the expansion of devel-
opment operations at oilfields in Chad. “This
improvement is the result of increased produc-
tion from new shippers in Chad,” they said. They
identified the shippers in question as PétroChad
Mangara, an affiliate of Vitol, an international
commodities trading firm; CNPC International
Chad, a subsidiary of state-run China National
Petroleum Corp. (CNPC), and Overseas Private
Investment Corp. (OPIC), a US government
development finance entity that is now part of
US International Development Finance Corp. The Chad-Cameroon pipeline is 1,070 km long (Image: Osidimbea.cm)

INVESTMENT
Nigeria mulls new bidding rounds in 2021

NIGERIA NIGERIA’S government is reportedly mulling online interview sponsored by the Society of
the possibility of holding new licensing rounds Petroleum Engineers (SPE).
in 2021. “I know that by 2021, we will go into some
According to Mele Kyari, the group man- form of licensing activities so that we can
aging director of Nigerian National Petroleum re-open the ultra-deep [areas] and some parts
Corp. (NNPC), the recent uptick in world oil of the deepwater [region] and also look at the
prices has led Abuja to consider moving for- opportunities on some of the onshore assets that
ward with the auctions that were delayed this have not been explored,” he said, according to
year because of the coronavirus (COVID-19) This Day.
pandemic. Kyari did not say which fields might be
The government is particularly interested in offered next year, but he did indicate that auc-
making certain deepwater and ultra-deepwater tions would support the Nigerian government
sites available to investors, he said during an in its efforts to boost oil production.

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