Tunisia: Oil & Gaz
The state own company Entreprise Tunisienne des Activites petrolieres (ETAP) has signed up international partners for twp prospection permits and an exploration permit as part of its drive to accelerate the development of its upstream oil and gas sector.
A consortium of ETAP and US-Based Rigo oil signed at the end of February a four-year permit to explore the 1,616 square-kilometer Bazma field near Kelibi. The permit will be 100% operated by ETAP; Rigo will invest a minimum of $3.5 million and undertake a works programme including the drilling of one exploration well and the processing and interpretation of existing seismic data.
Two offshore prospection licences in the north have been awarded to a consortium of ETAP; the US' Anadarko Petroleum Corporation and PetroCanada. The first two year prospecting licence covers the 7,648 sqaure kilometer Bechateur field in which the operator Anadarko will invest at least $2.84 million. The minimum work programme includes the acquisition and processing of 1,000 kilometres of 2D seismic* and the reporocessing and interpretation of existing seismic data.
The consortium has also been awarded a two year prospecting permit for the 7,476 square kilometer Cap Serrat field. Anadarko will invest a minimum of $1.17 million to reprocess and interpret exisiting seismic data and acquire 500 kilometres of 2D seismic. ETAP will have a 50% interest in both permits with Anadarko holding 33.3% and PetroCanada 16.7%.
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* 2D seismic: is often the first of the techniques helping reducing the risk involved in oil and gaz exploration and production to be used in the process. it helps in optimally lo*****g potential reservoirs, confirming the presence of hydrocarbons, improving imaging of the reservoir, estimating reserves and defining and monitoring a depletion strategy.
A consortium of ETAP and US-Based Rigo oil signed at the end of February a four-year permit to explore the 1,616 square-kilometer Bazma field near Kelibi. The permit will be 100% operated by ETAP; Rigo will invest a minimum of $3.5 million and undertake a works programme including the drilling of one exploration well and the processing and interpretation of existing seismic data.
Two offshore prospection licences in the north have been awarded to a consortium of ETAP; the US' Anadarko Petroleum Corporation and PetroCanada. The first two year prospecting licence covers the 7,648 sqaure kilometer Bechateur field in which the operator Anadarko will invest at least $2.84 million. The minimum work programme includes the acquisition and processing of 1,000 kilometres of 2D seismic* and the reporocessing and interpretation of existing seismic data.
The consortium has also been awarded a two year prospecting permit for the 7,476 square kilometer Cap Serrat field. Anadarko will invest a minimum of $1.17 million to reprocess and interpret exisiting seismic data and acquire 500 kilometres of 2D seismic. ETAP will have a 50% interest in both permits with Anadarko holding 33.3% and PetroCanada 16.7%.
************************************************** ********
* 2D seismic: is often the first of the techniques helping reducing the risk involved in oil and gaz exploration and production to be used in the process. it helps in optimally lo*****g potential reservoirs, confirming the presence of hydrocarbons, improving imaging of the reservoir, estimating reserves and defining and monitoring a depletion strategy.
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