Market Size of Chad Oil and Gas Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 0.54 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Chad Oil and Gas Market Analysis
The Chadian oil and gas market is expected to register a CAGR of more than 0.54% during the forecast period.
The COVID-19 pandemic negatively impacted the market in 2020. Presently, the market has reached pre-pandemic levels.
- Over the long term, increasing investments and rising gas production in the country are expected to boost the Chadian oil and gas market during the forecast period.
- On the other hand, political instability and terrorism in the country are likely to impede the growth of the oil and gas sector during the forecast period.
- Investments are being made in the country's exploration and production of oil reserves, which may continue to rise during the forecast period. These investments may also provide an opportunity for the midstream and downstream players in the country's oil and gas market.
Chad Oil and Gas Industry Segmentation
Oil and natural gas are major industries in the energy market and play an influential role in the global economy as the world's primary fuel source.
The Chadian oil and gas market is segmented by sector into upstream, midstream, and downstream. The report offers the market size and forecasts in USD billion for the above segments.
| Sector | |
| Upstream | |
| Midstream | |
| Downstream |
Chad Oil and Gas Market Size Summary
The Chadian oil and gas market is poised for moderate growth, driven by increasing investments and rising gas production. Despite the challenges posed by political instability and terrorism, the sector is expected to benefit from ongoing investments in exploration and production activities. Chad holds a significant position as the tenth-largest oil reserve holder in Africa, with petroleum being a crucial source of public revenue. The market is dominated by major players such as the China National Petroleum Company and ExxonMobil, with a substantial portion of oil production being exported. The midstream sector is anticipated to experience notable expansion due to investments in infrastructure, including the Chad-Cameroon oil pipeline, which plays a vital role in the country's oil distribution network.
The market landscape is moderately consolidated, with key companies like Total SA and Chevron Corporation also playing significant roles. Recent developments, such as the sale of ExxonMobil's operations in Chad and Cameroon to Savannah Energy, highlight the dynamic nature of the market. While the country has a refinery with a limited capacity, the focus remains on enhancing midstream capabilities to support growing production and export activities. However, the market faces potential constraints from decreasing oil production, which could impact future growth prospects. Overall, the Chadian oil and gas industry is navigating a complex environment, balancing opportunities for expansion with inherent challenges.
Chad Oil and Gas Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand in USD billion, till 2027
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE ANALYSIS
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2. MARKET SEGMENTATION
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2.1 Sector
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2.1.1 Upstream
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2.1.2 Midstream
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2.1.3 Downstream
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Chad Oil and Gas Market Size FAQs
What is the current Chad Oil and Gas Market size?
The Chad Oil and Gas Market is projected to register a CAGR of greater than 0.54% during the forecast period (2024-2029)
Who are the key players in Chad Oil and Gas Market?
China National Petroleum Corporation, Exxon Mobil Corporation, Total SA, Chevron Corporation and Societé des Hydrocarbures du Tchad are the major companies operating in the Chad Oil and Gas Market.
