The government of Chad plans to issue new oil exploration licences in a bid to raise production by nearly 70pc by the end of the decade.
In a wide-ranging national development plan, the central African country said it wants oil output at 250,000 b/d by 2030, compared with 148,000 b/d in 2024. It also wants to build what would be the country's second oil refinery, to double products output to 40,000 b/d.
Private-sector investment is key to all this, the government said, and it plans special economic zones to attract outside funding.
The plan calls for "modernising and accelerating" the way blocks are allocated and for new seismic surveying. It also calls for bringing into operation the Sedigui oil field, which in the early 2000s was planned to be linked to the Ndjamena refinery by a 340km pipeline.
The Ndjamena refinery is a 60:40 joint venture between Chinese state-owned CNPC and the Chadian government. The Chinese firm also has a presence in the country's upstream, as does UK-French Perenco. Chad exports around four to five 950,000 bl cargoes of its Doba crude grade each month, via pipeline to the Cameroon coast.
At the same time Chad wants the share of renewable energies in national electricity production to rise to 30pc by 2030, from 9pc in 2024. This it said will be achieved by the roll out of solar, hybrid and thermal power plants at a cost of around $1bn.
