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NOT AN OFFICIAL UNCTAD RECORD
EXPLORATION PRODUCTION OPPORTUNITIES NEW
TRENDS IN TUNISIA _____________ Ali MRABET,
Jomaa FRIHA, Ramzi GHENIMA Béchir TEKAYA
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THE ADVANTAGES OF TUNISIA

• Political Stability
• Open Growing Economy
• Very Friendly Environment
• Challenging and Promising Petroleum Potential
• New Fiscal Incentives for Oil and Gas EP
• Broad Petroleum Infrastructure

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ECONOMIC INDICATORS

• From 1962 to 2001, the average growth rate
  reached 5 per year at constant prices, allowing
  an average annual increase in per capita income
  over 3 over the same period.
• GDP/Capita 2975 TND (2001 )
• Inflation Rate (2002) 3
• Budget Deficit (2002) 2.4
• External Debt (2002) 52.2
• Debt service (2002) 16.1
• Since the association and free trade agreement
  with the EU which come into effect on 1998, there
  has been a remarkable increase in Tunisian
  exports to the EU market (7586 MMTND in 2001).
• Export Growth 9.4 (Cst Price)
• In 2001 the Energy account for 7 of exports.

ENERGY
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TUNISIAN OIL GAS PRODUCTION
Average Producing Cost (2002) 5 /Bbl
OIL National Production 3.16 MMT (2003) Main
Producing Field El Borma
OZ/HMD
DIDON
GAS National Production 2.29 MMTOE
(2003) Main Producing Field Miskar
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EVOLUTION OF INVESTMENTS IN EXPLORATION
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GEOPHYSICS PROPORTION OF THE EXPLORATION
INVESTMENTS
Exploration Investments Evolution

• Seismically driven exploration
• More seismic (3D), enhancement of processing
• techniques
• Better success ratio
• Marked decrease of the finding cost 2.2 /bbl
  
• (1996-2003)

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EVOLUTION OF ADDITIONAL RESERVES COMPARED TO
PRODUCED QUANTITIES
350 MMBOE
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FINDING COSTS
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2003 NEW DISCOVERIES

• Chaâbet El Mercanti1 CEM1 (Southern Tunisia)
• ANADARKO/PIONEER/ETAP
• Tested 550 BCPD of 57 API 3.7 MMSCFGDP
• from the Lower Ordovician quartzitic sandstones
• Samet El Anaguid1SEA1 (Southern Tunisia)
• ANADARKO/PIONEER/ETAP
• Contains gas/condensate columns within the same
• reservoir

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2003 NEW DISCOVERIES

• HAWA 1 HWA1 (Southern Tunisia)
• ENI/PIONEER/PALADIN/ETAP
• Tested 6300 B0PD of 41 API 1000 BCDP of 41
• API from the Upper Silurian Acacus sandstones
• . Tested 14.5 MMSCFGPD from the Lower Silurian
• Tannezuft sandstones
• MAZRANE 1 MZR1 (Southeastern Tunisia)
• HBS/ETAP
• . Tested 600 BOPD from the Lower Cretaeous
• Meloussi sandstones

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2003 NEW DISCOVERIES

• Jugurtha2 JHA2 (Eastern Offshore Tunisia)
• BG/ETAP
• Tested 14.5 MMSCFGPD (with nearly 60-65 of
• inerts) from the Upper Cretaceous R1 limestone
• reservoirs
• Cercina Sud1CERS1 (Eastern Offshore Tunisia)
• OMV-PEI/ETAP
• Tested 850 BOPD of 29 API from the Middle
• Eocene nummilitic limestones

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2003 NEW DISCOVERIES

• Est Beni Khalled 1 EBK1(Northeastern
  Tunisia)
• EXXOIL/ETAP
• Flowed oil of 52 API from the Lower
• Eocene Bou Dabbous fractured limestone

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EXPLORATION ACTIVITY STATUS 2003
AUSTRALIA
MAGHREB
USA
TUNISIA
CANADA
ASIA
EUROPE
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UPCOMING FIELD DEVELOPMENT 2004 - 2006

• ADAM Oil Gas Field
• First Gas 2004

• hawa OIL gas Field
• First Oil January 2004

BARAKA
OUDNA

• CHARGUI Gas Field
• First Gas January 2005

CHARGUI

• BARAKA Oil Field
• First Oil 2005

ZARAT
HASDRUBAL

• HASDRUBAL Oil Gas Field
• First Oil 2006

ADAM

• ZARAT Oil Gas Field
• First Oil 2006

HAWA

• OUDNA Oil Gas Field
• First Oil 2006

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UPCOMING FIELD DEVELOPMENT 2004 - 2006

• ADAM Oil Gas Field
• First Gas 2004

• hawa OIL gas Field
• First Oil January 2004

BARAKA
OUDNA

• CHARGUI Gas Field
• First Gas January 2005

CHARGUI

• BARAKA Oil Field
• First Oil 2005

ZARAT
HASDRUBAL

• HASDRUBAL Oil Gas Field
• First Oil 2006

ADAM

• ZARAT Oil Gas Field
• First Oil 2006

HAWA

• OUDNA Oil Gas Field
• First Oil 2006

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NEW EXPLORATION TRENDS
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PRIMARY ENERGY DEMAND/RESERVES PROJECTION
MM tpe
Primary Energy Demand Oil Gas
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OPEN BLOCKS
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EMERGING PLAYS

• SILURIAN ACACUS PLAY IN GHADAMES BASIN
• ORDOVICIAN PLAY IN GHADAMES CHOTT BASINS

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EMERGING PLAYS Silurian and Ordovician in
Ghadames Basin
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POTENTIAL PLAYS

• OLIGOCENE-MIOCENE THRUST BELT PLAY IN NORTHERN
  OFFSHORE TUNISIA
• DEEP OBJECTIVES
• Jurassic Play in Central Tunisia
• Cretaceous, Jurassic Triassic objectives in
  the Chotts Basin
• Jurassic Permian plays in Eastern Offshore
  Tunisia

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OLIGOCENE-MIOCENE THRUST BELT PLAY IN NORTHERN
OFFSHORE TUNISIA
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DEEP OBJECTIVES
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NEW PLAY CONCEPTS

• STRATIGRAPHIC TRAPS
• Telemzane Arch
• Gulf of Gabes and Jeffara Basins
• MIOCENE TURBIDITIC SYSTEM
• Gulf of Hammamet

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GEOLOGICAL CROSS-SECTION THROUGH THE GHADAMES
CHOTTS BASINS
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MIOCENE TURBIDITIC PLAY IN GULF OF HAMMAMET
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LEGAL TERMS FOR EXPLORATION AND DEVELOPMENT OF
HYDROCARBON RESERVES IN TUNISIA NEW INCENTIVES
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NEW INCENTIVES OF THE 1999 HYDROCARBON LAW
1. RIGHT TO USE ASSOCIATED OR NON ASSOCIATED
GAS FOR POWER GENERATION 2. RIGHT TO BUILD UP A
TAX DEDUCTIBLE PROVISION FOR ABADONMENT 3. RIGHT
TO BUILD UP A RESERVE OF UP TO 20 OF ANNUAL
PROFITS FOR FURTHER EXPLORATION ACTIVITIES 4.
RIGHT TO TREAT THE CUSTOMS HANDLING FEE (R.P.D.)
ON EXPORTS OF HYDROCARBONS AS A CREDIT AGAINST
ANY INCOME TAX DUE
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GAS TERMS
 ? Priority to supply the domestic market with
any Gas discovered and which is in excess of the
holders own needs. The state guarantee priority
of access to the local market to the extent of
the demand. ? Price for Gas sales to the local
market is fixed by Decree, its set at 80 of
the FOB price for low sulphur content fuel oil
(1). ? Holder will have the right to use
Associated or non Associated Gas for power
generation.
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POWER GENERATION REGIME

• ? The Holder of the Hydrocarbon Concession may be
  Authorized to develop non Commercial Gas for
  Power Generation.
• ? The electricity will be exclusively sold to the
  National Utility Compagny (STEG)
• Fiscal Regime
• - Rate of Income Tax 35
• - Exemptions from certain duties and taxes
  such as VAT and import duties
• The Parties negociate in good faith a sale
  Contract that define the rights and obligations
  of the Parties (term, Sale Price ,quantity,
  technical and commercial conditions.)