Chad+Natural+Gas

=CPC Corp (Taiwan's Chinese Petroleum Corporation) Likely to Begin Exploration of Natural Gas In Chad In The Next Five Years=

Executive Summary:
CPC Corp is likely to begin exploration of natural gas in Chad. CPC Corp is a Chinese state-run oil company that recently between 2012-2013 claimed to have discovered crude and natural gas at well Benoy-1. The exploration could yield 9,800 barrels of oil and 35,000m3 of natural gas daily. According to U.S. Energy Information Administration, Chad has 35.30 trillion cubic feet of proven natural gas reserves, as of 2012.

Discussion:
Before 2012, Chad had zero proven reserves of natural gas. However, CPC said it discovered crude and natural gas in Chad in 2012. According to US Energy Information Administration, Chad holds 35.3 trillion cubic feet of natural gas reserves. CPC has invested USD 42.76 million to oil and natural gas exploration in Chad. The exploration well Benoy-1 has the potential to yield 9,800 barrels of oil and 35,000 m3 of natural gas daily.

**Analytic Confidence:**
Analytic confidence is medium. Source reliability ranges from medium to high. There is no conflict between sources. The analyst had low expertise on the subject, worked alone while also collaborating with a group, and did not use a structured analytic method. The subject is moderately complex and the deadline was moderately easy to meet.
 * Analyst:** RoseAnna Wright