Caracal fields second rig, nears oil output in Chad

07/22/2013
Caracal Energy Inc., Calgary, said it expects approval this month to start producing Badila oil field in southern Chad and now that a second rig has arrived, it plans to begin exploratory drilling with one well each in August and September. A transportation agreement is being finalized, and oil from the company's concessions is to be produced through the TOTCO-COTCO export pipeline to Kribi, Cameroon. A hot-tap interconnection has been completed. The first three Badila wells will have capacity to deliver a combined 14,000 b/d of oil to keep Phase 1 production facilities loaded and production volumes in line with management expectations. Mangara field should add further production by yeare...
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