CPC Corp. Taiwan welcomes 1st oil shipment from Chad

2020/12/04

The first shipment of oil produced from the Oryx field in Chad operated by CPC Corp. Taiwan arrived in the southern port city of Kaohsiung Nov. 30, marking a milestone in the state-owned company’s overseas operations.
 
 At a ceremony celebrating the occasion, CPC Chairman Jerry Ou said the batch of 950,000 barrels is the first delivered from an oil field independently prospected and developed by the company in its 74-year history. CPC is eager to build on the success by seeking other exploration opportunities in the future, he added.
 
 According to the Kaohsiung-headquartered company, surveys in Chad began in January 2006 under an agreement signed with the central African country’s government. After discovering oil reserves in 2010 and following a decade of seismic testing, drilling and other development work, CPC obtained permission to operate the Oryx field on a 25-year lease. Total reserves at the site are estimated at 34 million barrels, with daily production of 5,800 barrels.
 
 CPC is also committed to giving back to local communities in Chad through charitable work conducted in collaboration with nongovernmental organizations in Taiwan, the company said.
 
 For example, a medical mission organized in 2019 with New Taipei City-based Taiwan Root Medical Peace Corps treated more than 2,000 patients during a seven-day period, while the NGO arranged for two handicapped teenage girls to travel from Chad to Taiwan for life-changing surgeries, it added.

Source: Taiwan Today (https://taiwantoday.tw/index.php)