Chad: Chevron sells Doba stake back to government

Chevron Global Energy has sold its 25% non-operated interest in the Doba Basin to the government for $1.3bn. The sale closed on 13 June. The transaction includes the sale of Chevron’s interests in seven fields in the Doba Basin, which in 2013 had average crude oil production of 18,000 b/d net to Chevron. The sale also includes a 21% non-operated interest in the export pipeline system that transports crude to Cameroon’s Kribi port, and associated marine facilities.