Perenco buys out Glencore in Chad

Anglo-French independent has bought all of the trading house’s assets in the central African country

Anglo-French independent Perenco has completed its acquisition of trading house Glencore’s upstream oil portfolio in Chad. Perenco now owns 100pc of Petrochad Mangara, which operates the Mangara, Badila and Krim oilfields in southern Chad’s Doba basin. Mangara and Badila have already entered production, although Glencore stopped their output during the pandemic in 2021—citing personnel, transport and supply-chain issues. Perenco intends “to return to previous production rates of 16,000bl/d in the near term”. Both fields “still have significant untapped potential”, the independent says, while the Krim oilfield is as-yet undeveloped. Mangara and Badila both export through the Doba pipeline to