Chad Oil and Gas Market Size (2024 - 2029)

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.