| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| CAGR | 0.19 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Chad Oil & Gas Upstream Market Analysis
The Chad Oil and Gas Upstream Market is expected to register a CAGR of greater than 0.19% during the forecast period.
- Oil is the most important export commodity in the country. The production of natural gas in the country is meager, and most of the export in the country is accounted for by the export of oil. The oil is expected to keep dominating the market in the forecast period.
- Increased governmental and private push into investment in the sector may lead to an increase in the production of oil and create an opportunity for companies in the industry.
- Decreasing oil production in the country is expected to restrain the market in the forecast period. Many oil fields in the country have reached maturity, and production is expected to gradually decline from these oil fields.
Chad Oil & Gas Upstream Market Trends
Oil to Dominate the Market
- As of 2018, Chad held an estimated 1.5 thousand million barrels of proved crude oil reserves. All of the country's proved oil reserves are held onshore because Chad is a landlocked country.
- Chad oil fields produce Doba type crude oil that has an average API of 25.3 with very low sulfur content. The quality of oil increases the demand for the oil as it does not require specific refinery to refine the oil.
- In 2018, the country has negligible production of natural gas owing to small reserves of natural gas in the country.
- Hence, oil is expected to dominate the market due to being present more in quantity than natural gas.
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Decreasing Oil Production to Restraint the Market
- As of 2019, Chad's largest oil fields are mature. Field expansions and recovery techniques have kept the country's old fields at a steady rate of production; however, without additional upstream investment, decline rates are likely to grow, resulting in lower production.
- Glencore, a large upstream corporation in the country, lost its license for exploration in the country. The government and the corporation could not finalize a deal for a new license. As the finances of the corporation have reduced it seems even less likely that a deal would be finalized in the forecast period.
- There has been a decrease in oil production by 1.85%, decreasing to 5.3 million tons of oil equivalent (Mtoe) in 2018 from 5.4 Mtoe in 2017. The decrease in production is due to oil fields getting matured.
- The Chad oil and gas upstream industry is expected to remain stagnant in the forecast period due to a decrease in oil production in the region.
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Chad Oil & Gas Upstream Industry Overview
The Chad oil and gas upstream market is consolidated. The major companies include Glencore PLC, Delonex Energy Limited, Petroliam Nasional Berhad, Exxon Mobil Corporation, and Societé des Hydrocarbures du Tchad.
Chad Oil & Gas Upstream Market Leaders
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Glencore PLC
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Delonex Energy Limited
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Exxon Mobil Corporation
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Societé des Hydrocarbures du Tchad
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Petroliam Nasional Berhad
- *Disclaimer: Major Players sorted in no particular order
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Chad Oil & Gas Upstream Industry Segmentation
Chad oil and gas upstream market report include:
| Resource Type | Oil |
| Natural Gas |
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Chad Oil & Gas Upstream Market Research FAQs
What is the current Chad Oil and Gas Upstream Market size?
The Chad Oil and Gas Upstream Market is projected to register a CAGR of greater than 0.19% during the forecast period (2025-2030)
Who are the key players in Chad Oil and Gas Upstream Market?
Glencore PLC, Delonex Energy Limited, Exxon Mobil Corporation, Societé des Hydrocarbures du Tchad and Petroliam Nasional Berhad are the major companies operating in the Chad Oil and Gas Upstream Market.
What years does this Chad Oil and Gas Upstream Market cover?
The report covers the Chad Oil and Gas Upstream Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Chad Oil and Gas Upstream Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Chad Oil & Gas Upstream Industry Report
Statistics for the 2025 Chad Oil and Gas Upstream market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Chad Oil and Gas Upstream analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
