N'DJAMENA, June 10 (Xinhua) -- Chadian President Idriss Deby Itno has launched the drilling of the Badila oil well, the second in the African country.
"I have a lot of hope, not just because of the current installations in eastern Logone region, but because of the discovery of oil in most parts of our country," the president said on Sunday at the launch of the drilling.
The well being drilled by the Chad Hydrocarbons Company (SHT) and the Canadian company, Griffiths Energy International, is expected to produce 14,000 barrels of crude oil per day and export through the pipeline run by the Exxon-Chevron-Petronas consortium to the Kribi port in Cameroon.
Itno said Chad is not yet considered as an "oil producing country" as its daily output falls short of more than 500,000 barrels.
He urged his fellow citizens to continue developing agriculture and animal husbandry, which have been the main anchors of the Chadian economy.
Chad's Energy and Petroleum Minister Djerassem Le-Bemadiel said he was happy with the drilling exercise at the Badila oil field in just about two years since the discovery of the oil deposits.
In January 2011, Griffiths Energy and the Chadian government signed three agreements on sharing of production costs at the Badila oil field.
A Chinese company, CNPCI, is in the process of connecting its pipeline to the Chadian petroleum transport system.
The Chadian energy minister said other companies are exploring for oil in the regions of Lake Chad, Salamat and Ennedi. In addition, he said, the Chad Hydrocarbons Company is developing an oil field at Sidigui to satisfy internal oil demand.