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AfrOil PIPELINES & TRANSPORT AfrOil

Perenco’s PCM subsidiary resumes

oil exports via Chad-Cameroon link

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

INVESTMENT
Ghana’s Dram Oil contests Deloitte and

Touche’s due diligence claim

GHANA DRAM Oil, a private operator in the Ghanaian auditing firm, filed fresh documents making
downstream petroleum industry, has contested changes to their defence.
in court claims made by Deloitte and Touche Dram Oil is seeking $187mn from Deloitte
that it performed its responsibilities according over the latter’s alleged violation of duty of care
to established accounting practices, Joy News and negligence.
reports. The case originated from a 2013 commercial
The company did so after Ace Ankomah dispute between Dram Oil, which happens to be
and the other members of the legal team rep- the 7th Defendant, and Cal Bank, for which the
resenting Deloitte and Touche, a London-based former obtained a favourable judgement.

P6 www. NEWSBASE .com Week 30 28•July•2022