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  1. Market Data
April 28, 2022

Krim Conventional Oil Field, Chad

By Carmen

Krim is a conventional oil development located onshore Chad and is operated by Glencore. Discovered in 2013, Krim lies in block DOB (Mangara) and Krim Development Area.

The project is currently in feasibility stage and is expected to start commercial production in 2022. The Krim conventional oil development will involve the drilling of approximately one wells.

Field participation details

The field is owned by Glencore and Societe Des Hydrocarbures Du Tchad.


Production from Krim

Production from the Krim conventional oil development project is expected to begin in 2022 and is forecast to peak in 2023, to approximately 10,235 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2034.


Remaining recoverable reserves

The field is expected to recover 18.6 Mmboe, comprised of 18.6 Mmbbl of crude oil & condensate.


About Glencore

Glencore Plc (Glencore) is a diversified natural resources company. It carries out the production and marketing of various mineral commodities. The company’s operations include refinement, processing, storage and transportation of metals and minerals, energy and agricultural products. Glencore produces and trades zinc, copper, lead, aluminum, nickel, iron ore, oil products, coal, ferroalloys and cobalt. Glencore owns and operates coal mines in Australia, Colombia and South Africa. The company also operates oil and gas production assets in Cameroon, Chad and Equatorial Guinea. It majorly serves automotive, power generation, oil, steel, and food processing industries. The company has operations in the Americas, Europe, Africa, Asia, and Oceania. Glencore is headquartered in Baar, Zug, Switzerland.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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