Chad targets 200,000 bpd oil output by end of year

The start of production at Exxon Mobil’s (XOM.N: Quote, Profile, Research) Maikeri field could help boost Chad’s oil output to 200,000 barrels per day by the end of the year, up 30,000 bpd from 2005, the country’s oil minister said on Tuesday.

Oil Minister Mahamat Nasser Hassane also reiterated that the country’s output could rise to 400,000 bpd in about five years.