Market Size of Chad Oil and Gas Upstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 0.19 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Chad Oil & Gas Upstream Market Analysis
The market for oil and gas upstream in Chad is expected to grow at a CAGR of more than 0.19% during the forecast period of 2020 - 2025. Factor such as increasing exploration is expected to increase the growth of the Chad oil and gas market during the forecast period. However, attacks on the supply chain by militants in the country are impeding growth in the entire oil and gas sector.
- 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 Industry Segmentation
Chad oil and gas upstream market report include:
| Resource Type | |
| Oil | |
| Natural Gas |
Chad Oil and Gas Upstream Market Size Summary
The Chad oil and gas upstream market is characterized by its reliance on oil as the primary export commodity, with natural gas production being minimal due to limited reserves. The market is anticipated to experience growth driven by increased exploration activities, although this growth is hindered by security challenges such as militant attacks on supply chains. Oil remains the dominant force in the market, supported by the quality of Chad's Doba type crude oil, which has a favorable API and low sulfur content, making it desirable for refineries. Despite the potential for growth through governmental and private investments, the market faces challenges from declining production rates as many oil fields reach maturity.
The industry landscape in Chad is consolidated, with major players including Glencore PLC, Delonex Energy Limited, Petroliam Nasional Berhad, Exxon Mobil Corporation, and Societé des Hydrocarbures du Tchad. However, the market's stagnation is evident as the largest oil fields are mature, and without significant upstream investments, production decline rates are expected to increase. The loss of exploration licenses by companies like Glencore further underscores the challenges faced in the region. Overall, while there are opportunities for growth, the Chad oil and gas upstream market is likely to remain stagnant due to the ongoing decline in oil production.
Chad Oil and Gas Upstream Market Size - Table of Contents
-
1. MARKET OVERVIEW
-
1.1 Introduction
-
1.2 Oil Production and Consumption Forecast in thousand barrels per day, till 2025
-
1.3 Key Upstream Projects Information
-
1.4 Recent Trends and Developments
-
1.5 Government Policies and Regulations
-
1.6 Market Dynamics
-
1.6.1 Drivers
-
1.6.2 Restraint
-
-
1.7 Supply Chain Analysis
-
1.8 PESTLE ANALYSIS
-
-
2. MARKET SEGMENTATION
-
2.1 Resource Type
-
2.1.1 Oil
-
2.1.2 Natural Gas
-
-
Chad Oil and Gas Upstream Market Size 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 (2024-2029)
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.
