UK-Tunisia Trade and Investment Forum October 2015 54, Avenue - - PowerPoint PPT Presentation

54, Avenue Mohamed V - 1002 Tunis, Tunisie Tél. : (+216) 71 28 53 00 - Fax : (+216) 71 90 22 82 win-win partnership

UK-Tunisia Trade and Investment Forum October 2015

54, Avenue Mohamed V – 1002 Le Belvédère, Tunisie Tél. : (+216) 71 28 53 00 - Fax : (+216) 71 28 52 80

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Organization of Tunisian energy sector How to explore In Tunisia About ETAP Oil & Gas in Tunisia : Key Indicators Main Gas projects Opportunities & Advantages to Invest in Tunisia

PLAN

Organization of Tunisian energy sector

Republic of Tunisia MINISTRY OF INDUSTRY, ENERGY AND MINES

GENERAL ENERGY DEPARTMENT

Distribution

• f PP

Electricity & Gas Refinery & import PP E&P Oil & Gas

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About ETAP

Tunisian National Oil Company

A state-owned industrial and commercial company. Set up on 1972 with intent to manage on behalf of the Tunisian state all hydrocarbons E&P activities

• Exploration and Production activities
• Crude oil trading
• Petroleum services
• Human resources development

ETAP reports to a Board of Directors and it is under control of the Ministry of Industry, Energy and Mines

Mission

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About ETAP

Tunisian National Oil Company New Strategic Lines Renew of hydrocarbon national reserves

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• Reinforcement of exploration activities in Tunisia by

sharing risk with foreign partners.

• Policy developpement of free blocks.
• Participation in international E&P activities:
• Partnership
• Swap
• Deal in priority with companies which have

good financial and technical capacities.

Improve production capacity

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• Encourage companies to invest in high technologies

to improve fields production.

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About ETAP

Tunisian National Oil Company New Strategic Lines Focus on deep target exploration for gas

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Developpment of human resources

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• Improve personnel skills by training targeted hiring.
• More exploration of paléozoïc targets such as :  Ordovician
• Silurian
• Practical training of graduated engineers.
• Implementation of new skills and performances

management system.

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Oil & Gas in Tunisia

Key Indicators

EXPLORATION

2013 2014

Number of valid permits 45 38 Number of valid concession 52 53 Investments in Exploration (Million USD) 350 190 Investments in development (Million USD) 499 518 Seismic activities 2D ( in km) 2688 739 Seismic activities 3D ( in km2) 2926 1576 Number of Drilling

• Exploration

13 03

• Development

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PRODUCTION National production

• Oil & LPG (Million Toe)

3.2 2.9

• Natural Gas (Million Toe)

2.5 2.3 Oil & Gas Trading Exportation Crude oil and Condensate (Million MT) 1.25 1.33 Importation

• Crude Oil (Million MT)

1.14 1.20

• Natural Gas (Million Toe)

2.04 2.60 Human Resources Total staff in ETAP 768 735 Total staff in E&P activities in Tunisia 4745 4740 5

How to explore in Tunisia

HYDROCARBONS CODE

Define the legal form of the activities of preliminary prospecting, research and operation of hydrocarbons as well as that of facilities and installations allowing the performance of these activities.

OPEN ACREAGE ASSESSMENT LICENSING AGREEMENTS

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Production Licence

• For 30 years for development and production.
• With a Development Plan approved by the Granting Authority.
• With specific fiscal terms: Royalty, Income Tax.
• Long Term Production Test authorization can be granted under an

agreed terms (duration, testing program …)

Open Door Policy

Prospecting authorization *

• 1 year;
• Non exclusive;
• For non explored or under-explored areas;
• Commitment:

Geological studies

* Practically excluded

Prospecting Permit

• 2 years with possibility of extension for 12 months maximum
• Exclusive; Priority right for conversion into Exploration Permit

under conditions agreed between the Granting Authority and the Company at the same time of the seismic option granting. Commitment: Geophysical works (seismic acquisition & or reprocessing ) Exploration Permit

• Granted for an initial period up to 5 years maximum;
• Renewal right (2 periods up to 3 years each); with relinquishment system;
• Area extension possibility (up to 50 % of initial granted acreage);
• Validity extension possibility (up to 2 years);
• Exploration work commitment:

Initial Period:

• G & G Data acquisition, processing, and interpretation,

for a competitive number of km or square km;

• Drilling of a competitive number of exploration wells.

Renewal Periods: One or more exploration well(s).

• Estimated costs for the work commitment during each period

Discovery

Tunisia Licencing Chart

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OPPORTUNITIES & ADVANTAGES TO INVEST IN TUNISIA 1- Strategic Geopolitical Position :

► ETAP want to take advantage of it’s strategic geopolitical position to become a Gaz Hub transit between Africa and Europe.

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Europe Africa

Tunisia

OPPORTUNITIES & ADVANTAGES TO INVEST IN TUNISIA

2- Win-Win Partnership ETAP/IOC : ► 57 Oil companies operating in Tunisia. ► 53 Oil & Gas Concessions.

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57 Oil companies 53 Concessions ETAP PARTNERS

OPPORTUNITIES & ADVANTAGES TO INVEST IN TUNISIA 3- An Oil and Gaz infrastructure facilities with scope of further development.

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Before 1980 1980 - 2000

Gabes Haouaria Tunis Msaken

Ain Turkia

Oued Zar Franig Baguel Miskar Gabes EL Borma

Haouaria

Tunis

Ain Turkia

Oued Zar Franig Baguel Miskar Hasdrubal Chergui

Gabès El Borma

Tunis

Feriana Tedjerouine Tedjerouine Feriana

EL Borma

Existing Infrastructure New Infrastructure Infrastructure in Progress

Maamoura Baraka

Natural gas in Tunisia / Supply – Demand - Infrastructure

2000-2014

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OPPORTUNITIES & ADVANTAGES TO INVEST IN TUNISIA

4- An incitative Hydrocarbone Code.

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May 2008

PRODUCTION LICENCE

JOINT VENTURE

• Convention State/ ETAP/ Company
• J.V. Agreement with ETAP
• ETAP & Partner as co-holders
• Partner
• Partner or ETAP or JOC ( operations)
• Partner & ETAP (financing)
• Progressive rates based on

profitability

PRODUCTION SHARING

• Convention State/ ETAP/ Company
• Production Sharing Agreement / ETAP
• ETAP as holder & Partner as contrator
• Contractor
• Contractor finances all operations and

is paid back on cost oil

• Profit oil is shared between ETAP &

the Contractor ( at negociable rate)

Document Holders Exploration Development & Production Royalty & Taxes

HYDROCARBONS E&P LEGAL REGIME

AGREEMENTS

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MAIN GAS PROECTS

• HASDRUBAL
• MISKAR
• CHERGUI
• NAWARA

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1- HASDRUBAL

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HASDRUBAL DEVELOPMENT PROJECT

Presentation : Hasdrubal field is an offshore concession located in the gulf of Gabes part of ‘Amilkar’ license. Holders : ETAP 50% BGT 50% Daily Production :

• 2.91 MMm3 of Gas
• 11000 barrel of Oil & Condensate
• 900 m3 of LPG

Investment costs : 1710 MMUS$

HASDRUBAL ASSET DESCRIPTION

The Hasdrubal gas field is part of the Amilcar permit and comprises of a rich gas condensate reservoir and an associated oil rim. It is located in the Gulf of Gabes 125 km South East of Sfax and 36 km South West of the Miskar Field in approximately 60 metres of water.

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2- MISKAR

• The Miskar gas field is located offshore Tunisia in the Gulf of Gabes,

approximately 125 kilometres southeast of the city of Sfax. The field was discovered by Elf in 1975 but remained undeveloped until BG brought it onstream in 1996 when a local gas market had been established.

• Gas is produced from the field via an offshore platforms and piped
• nshore to the BG-operated Hannibal gas processing plant (GPP-Sfax).

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2- MISKAR

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• BG is the largest producer of gas in Tunisia through operating both fields

(Miskar & Hasdrubal), which satisfy over 60% of local gas demand.

win-win partnership

3- CHERGUI

First Gas

Scheduled Done October 2007 August 2008

• ETAP 55% Petrofac 45%
• Discovery 1992 by BGT:
• Concession granted on 2001
• Daily Gas Production: 0,8 MM m3

The Chergui field is a gas/condensate field located on the island of Kerkennah, 25 kilometres from the city of Sfax. The previous operator, OMV, decided to divest the asset because of the development delays. Its interest was acquired by the oil and gas services group Petrofac in November 2006.

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win-win partnership

CHERGUI DEVELOPMENT SCHEME

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NAWARA DEVELOPMENT PROJECT

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4- NAWARA

Presentation : Nawara concession is an onshore field part of ‘Jenein South’ license in the SOUTH OF Tunisia. Holders : ETAP 50% OMV 50% Daily Production expected :

• 2.7 MMm3 of Gas/day
• 5000 Barrel of Condensate/day
• 130 T of LPG/day

Investment costs : 1285 MMUS$

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NAWARA DEVELOPMENT PROJECT

Bir Ben Tartar

Tataouine Médenine Nawara

Nawara Development Plan

LPG

LPG bottling unit Condensate to Gabes

GTP Tataouine

Gaz To STEG

94 Km, 12’’ 26

54, Avenue Mohamed V - 1002 Tunis, Tunisie Tél. : (+216) 71 28 53 00 - Fax : (+216) 71 28 52 80

win-win partnership

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