The Chad-Cameroon Petroleum Development and Pipeline Project involved the construction of a 1070 km pipeline to transport crude oil from three fields in southwestern Chad to a floating facility 11 km off the Cameroon coast. The pipeline has been completed and "first oil" was achieved in July 2003, several months ahead of schedule. Revenues began to accrue in late 2003.
The project was a pioneering effort between IFC and the World Bank to demonstrate that large scale crude oil projects, when designed to ensure transparency and effective environmental and social mitigation, can significantly improve prospects for sustainable long term development. IFC's loan to the project remains in place and we continue to monitor the environmental and social performance of the project.
The project has generated employment for over 13,000 local people in Chad and Cameroon; over $400 million worth of infrastructure improvements; and over $680 million worth of procurement contracts.