CPC Chairman Jerry Ou said at the ceremony: “The Chad Oryx Concession is the first time that CPC has conducted exploration overseas as an operator and entered into development and production phase. This shows that CPC has the capacity to manage the whole life cycle of petroleum exploration and production project by itself. In the future, CPC will replicate its successful experience in Chad and will continue to expand overseas exploration areas to help achieve energy independence for Taiwan.”
Over the past 40 years, CPC has participated in global exploration as well as mergers and acquisitions. In recent years, it has achieved brilliant accomplishments in Africa, Australia, South America, and Southeast Asia, all of which increased Taiwan’s ability to maintain national energy security. CPC will continue to work towards the vision of building itself into an international petroleum upstream sector business with a high asset value.
The seismic surveys, drilling, development and production of the Chad Oryx Concession are all managed by CPC. The company is proud of its expertise in geoscience, oil well drilling and geological modeling technology. Its international export technical services and the technology for oilfield development planning also can be shared with the international community.
Established 74 years ago, CPC is Taiwan’s largest energy group and is listed in Fortune’s Global 500. It is an integrated energy group covering the upper, middle and downstream petroleum industries.