Chad Basin depth of . Due to heavy pumping, since the start of the 1980s the water levels in both aquifers has been lowered, and some wells no longer function. There is a third, much lower, aquifer in Bima Sandstones that lies at a depth of . Both the current and historical areas of the basin and the mega-basin contain concentrations of fossils. Fossil-fuels deposits in the area are estimated to exceed a trillion barrels in reserves. The Lake Chad Basin Commission was set up in 1964 by Cameroon, Chad, Niger and Nigeria, the four countries that contain parts of Lake Chad.
Chad–Cameroon Petroleum Development and Pipeline Project Chad–Cameroon Petroleum Development and Pipeline Project The Chad–Cameroon Petroleum Development and Pipeline Project is a controversial project to develop the production capacity of oilfields near Doba in southern Chad, and to create a pipeline to transport the oil to a floating storage and offloading vessel (FSO), anchored off the coast of Cameroon, near the city of Kribi. It is operated by ExxonMobil (40%) and also sponsored by partners forming the consortium, Petronas (35%) and Chevron (25%). The governments of Chad and Cameroon also have a combined 3% stake in the project. The project was launched on October 18, 2000, and