Deal #5098

Chad
Created at
2016-06-30
Last update
2018-04-05
Last full update
2018-04-05

Land area

Intended size
7 100 ha
Size under contract (leased or purchased area)
  • [2012, current] 7100.0 ha

Intention of investment

Intention of investment
  • [current] Mining
Comment on intention of investment
Oil field

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
  • [2012, current] Concluded (Contract signed)
Comment on negotiation status
Glencore first acquired shares in Caracal in 2012 when it took a 25% share in Magara and Badila fields. In 2014 Glencore bought 100% of Caracal's assets. Original contract for Caracal was signed in 2011.

Implementation status

Implementation status
  • [2015, current] In operation (production)
Comment on implementation status
Pipelines of the Mangara & Badila Field Development constructed in 2013 (under Caracal). First oil in 2015

Leasing fees

Annual leasing fee
3 195
$
for specified area
Annual leasing fee area
7 100 ha
Comment on leasing fee
$45 per square kilometer per year - $3195 for 71 square kilometers per year.

Contract farming

Contract farming
No