Deal #5099

Chad
Created at
2016-06-30
Last update
2017-01-10
Last full update
2017-01-10

Land area

Intended size
2 900 ha
Size under contract (leased or purchased area)
  • [2012, current] 2900.0 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.

Implementation status

Implementation status
  • [2013] Startup phase (no production)
  • [2014, current] In operation (production)
Comment on implementation status
Pipelines of the Mangara & Badila Field Development constructed in 2013 (under Caracal). First oil in 2014.

Leasing fees

Annual leasing fee
1 305
$
for specified area
Annual leasing fee area
2 900 ha
Comment on leasing fee
$45 per square kilometer per year - $1305 for 29 square kilometers per year.

Contract farming

Contract farming
No