Gulf Oil and Gas accountACCOUNT

PA Resources Submits Zarat Field Plan of Development

Source: www.gulfoilandgas.com 7/28/2015, Location: Africa

Share |
PA Resources is pleased to announce that it has submitted an updated Zarat Field Plan of Development to the Tunisian authorities. This Plan of Development is a technically and commercially robust plan which has been constructed by the Zarat Field joint development team; an integrated team comprising of staff from both PA Resources and the state oil company, ETAP (L’Entreprise Tunisienne d’Activités Pétrolières).

The Zarat Field is a large, shallow-water, gas-condensate and oil field containing estimated recoverable reserves of 147 mmboe. It is Tunisia’s largest undeveloped field and production from Zarat Field will be critical in alleviating a forecast future gas supply deficit in Tunisia. Zarat Field is geologically similar to PA Resources’ nearby Didon Field and to other producing fields such as Ashtart and Hasdrubal fields in Tunisia and the giant El Bouri and Al Jurf fields in Libya.

The Zarat Field extends across two license tracts; the Zarat license to the south and the Joint Oil block to the north. The parties in the Zarat license are PA Resources Tunisia as operator and ETAP. ETAP has the option to back-in to the southern tract for up to a 55% working interest, in which scenario PA Resources would retain 45%, and a decision on this back-in option follows shortly after acceptance of the Plan of Development. The northern tract is held by Joint Oil, which was formed as a joint entity between ETAP (Tunisia) and the National Oil Company (Libya).

The proposed development is in two phases, with Phase 1 comprising four production wells and production facilities to process and export 20,000 bbls/d of oil and 100 mmscfg/d of raw gas. Phase 2 comprises a further four development wells, with expanded facilities to increase capacity to 40,000 bbls/d and 200 mmscf/d of raw gas. First oil would be expected in 2020. The Plan of Development makes full use of existing Gulf of Gabes infrastructure for the reinjection of CO2, the export of sales gas to shore, onshore gas processing and extraction of the LPG stream. The Zarat facilities also have the potential to act as a hub to facilitate development of nearby stranded oil and gas fields in the eastern Gulf of Gabes, such as PA Resources’ Elyssa gas field.

Following acceptance of the Zarat Field Plan of Development by the Tunisian authorities, the project will enter a front-end engineering design phase with project sanction during 2017.

PA Resources CEO, Mark McAllister commented: “We are delighted to have reached this milestone on the Zarat Field. The Plan of Development is the result of dedicated work and close collaboration between PA Resources and ETAP, which has achieved total alignment on the optimum approach to maximise resource recovery and value from the Zarat Field. The phased approach to development allows reduced capital outlay to achieve commercial production from what is a most important field development for Tunisia”.

For more information about related Opportunities and Key Players visit North Africa Projects

Development News in Tunisia >>

Norway >>  5/16/2018 - Wintershall has together with its partners Capricorn, Spirit Energy, Edison and DEA submitted the Plan for Development and Operation for its operated ...
Iran >>  5/13/2018 - A contract to develop Farzad B gas field will be signed with India in a close future. National Iranian Oil Company (NIOC) is negotiating with an Indi...

Iraq >>  5/11/2018 - LUKOIL and the Basra Oil Company signed a Development Plan of West Qurna-2 field that provides for an oil production plateau of 800 thousand barrels p...
Equatorial Guinea >>  5/10/2018 - Noble Energy, Inc. has executed, along with the Government of the Republic of Equatorial Guinea and necessary third-parties, a Heads of Agreement esta...

Iraq >>  5/7/2018 - Iraq’s state-run North Oil Company signed an agreement with BP to triple output from the Kirkuk fields in the north of the country, Oil Minister Jabar...
Morocco >>  5/7/2018 - Marubeni Corporation (Marubeni) has signed a Memorandum of Understanding (the Agreement) with BMCE Bank of Africa (BMCE) for the joint development of ...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Tunisia Oil & Gas 1 >>  2 | 3 | 4 | 5 |

Oil & Gas Projects in Tunisia >>

More News

 

Oil & Gas Companies in Tunisia >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.