The general manager of ExxonMobil's local office and Chad's oil and energy minister were able to meet on 24 September. That encounter may spell progress in the debate over the fiscal terms of the US major's withdrawal from the country.
Hoping for a speedy exit from Chad, the US oil major is trying to cut all ties with the country which appears not to want to let the company off too easily.
The oil major ExxonMobil, which is withdrawing from Chad on 1 July, has still not managed to agree on the terms of its departure with the transitional leaders.
The British junior, newly arrived in Chad, intends to do everything in its power to gain the approval of the country's authorities. It is preparing to develop huge electrification projects in its production area of Doba and near N'Djamena.
In February, the Swiss group made a proposal to restructure its loan to N'Djamena. However, until an agreement has been reached with Chad, facilitated by Minister Djerassem Le Bemadjiel who is acquainted with the Swiss group, the latter will continue to pay itself back in kind.
The difference in treatment between local staff and foreign workers was one of the first issues put on the table during a meeting between the main oil workers' union representatives and Chad's new 'Mr Oil', Djerassem Le Bemadjiel.
Chad's air force is considering selling off its fleet of Su-25s attack aircraft and Mi-24 helicopter gunships and replacing them with longer-range Su-30 fighter jets.
The financials of the major's departure from the Doba Basin are being hashed out with the Chadian authorities. The matter is being taken up by the president's new secretary general.
The Swiss commodities trader Vitol has become a trump card in British junior Savannah's game. In exchange for financial support for Savannah's purchase of ExxonMobil-Petronas's Doba assets, it should end up well placed to market the crude produced there.
The political void created by the death of the president and patriarch Idriss Déby has enabled new players to take in hand the most lucrative sector of the local economy.
Swiss trading giant Glencore, which has been trying to extricate itself from the country for nearly two years, is still hopeful that it can find a buyer for its Mangara and Badila fields.
Savannah has hired British recruitment firm Aldelia to handle its absorption of Exxon's Doba employees and to recruit new staff as the US giant prepares to pull out of Chad.
According to our sources, the Warburg Pincus-backed Trident Energy is keen to get its hands on the Mangara and Badila [...]