Esso adds fields as Chad’s oil output lags expected level

Chad’s oil production averaged just above 170,000 b/d in 2005 as output ran below the planned initial 230,000 b/d level.The project had shipped more than 133 million bbl of 20.5° gravity Chadian crude to world markets by the end of 2005, said oil field operator Esso Exploration & Production Chad Inc. in the project’s annual report.By the end of 2005, 143 export tanker loads had been lifted from the FSO off Kribi, Cameroon, following shipment through the Chad-Cameroon oil pipeline. That had brought the Chad government more than $420 million in royalties, dividends, and share premiums. Of that, almost $241 million was paid in 2005. Click here to enlarge image“The ...

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