Page 11 - DMEA Week 30 2022

DMEA PIPELINES DMEA

PCM starts exporting oil from

southern Chad via Cameroon

AFRICA PETROCHAD Mangara (PCM) has announced communities.
that it has begun exporting crude oil via the Perenco became the owner of a 100% stake
Chad-Cameroon pipeline after resuming pro- in PCM through the acquisition of a 100% stake
duction at two fields in the Doba basin in south- in the upstream Chadian portfolio of Glencore,
ern Chad. an Anglo-Swiss commodity trading firm. PCM’s
In a statement, the company noted that ship- assets included Badila and Mangara, both of
ments had started within a month of PCM’s which have been in production since 2014, and
acquisition by Perenco (UK/France). The latter Krim, an undeveloped field in the Doba basin.
company completed its takeover of the former, If PCM succeeds in raising yields at Badila
which is the operator of three oilfields in the and Mangara to 16,000 bpd, its production will
Doba basin, in June of this year. account for about 7.11% of the Chad-Came-
The start of exports via the Chad-Came- roon pipeline’s design capacity of 225,000 bpd.
roon pipeline is the first step in PCM’s work The link has been operating below capacity for
programme, which aims to bring two of the some time and only carried about 129,200 bpd
three fields back on stream, the statement said. in 2020, the last year for which confirmed data
Together, it added, these two sites, Badila and are available.
Mangara, are capable of turning out around The Chad-Cameroon pipeline follows a
16,000 barrels per day (bpd) of crude. 1,070-km route from south-western Chad to
PCM said it had worked closely with the Kome-Kribi floating storage and off-loading
Chad’s national oil company (NOC) Société (FSO) vessel, which is anchored near the Cam-
des Hydrocarbures du Tchad (SHT) and with eroonian port of Kribi. The conduit was built by
Chad’s Ministry of Hydrocarbons to resume ExxonMobil under a public-private partnership
upstream operations at Badila and Mangara. It agreement and began operating in 2003. It is now
also stressed that it had been investing in social operated by Cameroon Oil Transportation Co.
welfare projects by repairing water wells in local (COTCO).™

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