UK-Tunisia Trade and Investment Forum October 2015 54, Avenue Mohamed V - 1002 Tunis, Tunisie Tél. : (+216) 71 28 53 00 - Fax : (+216) 71 90 22 82 win-win partnership
PLAN Organization of Tunisian energy sector 1 About ETAP 2 Oil & Gas in Tunisia : Key Indicators 3 4 How to explore In Tunisia Opportunities & Advantages to Invest in Tunisia 5 Main Gas projects 6 54, Avenue Mohamed V – 1002 Le Belvédère, Tunisie Tél. : (+216) 71 28 53 00 - Fax : (+216) 71 28 52 80
Organization of Tunisian energy sector Republic of Tunisia MINISTRY OF INDUSTRY, ENERGY AND MINES GENERAL ENERGY DEPARTMENT E&P Refinery & Electricity Distribution Oil & Gas import PP of PP & Gas 1
About ETAP Tunisian National Oil Company Mission 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 2
About ETAP Tunisian National Oil Company New Strategic Lines Renew of hydrocarbon national reserves 1 o Reinforcement of exploration activities in Tunisia by sharing risk with foreign partners. o Policy developpement of free blocks. Partnership o Participation in international E&P activities: Swap o Deal in priority with companies which have good financial and technical capacities. Improve production capacity 2 o Encourage companies to invest in high technologies to improve fields production. 3
About ETAP Tunisian National Oil Company New Strategic Lines Focus on deep target exploration for gas 3 o More exploration of paléozoïc targets such as : Ordovician Silurian Developpment of human resources 4 o Improve personnel skills by training targeted hiring. o Practical training of graduated engineers. o Implementation of new skills and performances management system. 4
Oil & Gas in Tunisia Key Indicators 2013 2014 EXPLORATION 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 km 2 ) 2926 1576 Number of Drilling Exploration 13 03 - Development 10 11 - 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 6
Tunisia Licencing Chart Open Door Policy Prospecting authorization * Prospecting Permit -1 year; -2 years with possibility of extension for 12 months maximum -Non exclusive; -Exclusive; Priority right for conversion into Exploration Permit under conditions agreed between the Granting Authority and -For non explored or under-explored areas; the Company at the same time of the seismic option granting. -Commitment: Commitment: Geological studies Geophysical works (seismic acquisition & or reprocessing ) * Practically excluded 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 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 …) 7
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. Europe Tunisia Africa 8
OPPORTUNITIES & ADVANTAGES TO INVEST IN TUNISIA 2- Win-Win Partnership ETAP/IOC : ► 57 Oil companies operating in Tunisia. ► 53 Oil & Gas Concessions. 9
57 Oil companies ETAP PARTNERS 53 Concessions 0
OPPORTUNITIES & ADVANTAGES TO INVEST IN TUNISIA 3- An Oil and Gaz infrastructure facilities with scope of further development. 11
Natural gas in Tunisia / Supply – Demand - Infrastructure Haouaria Tunis Haouari a Tunis Tunis Maamoura Tedjerouine Tedjerouine Baraka Msaken Feriana Feriana Ain Turkia Ain Turkia Chergui Miskar Miskar Gabès Hasdrubal Gabes Gabes Franig Franig Baguel Baguel El Borma EL Borma EL Borma Oued Zar Oued Zar 1980 - 2000 2000-2014 Before 1980 12 Existing Infrastructure New Infrastructure Infrastructure in Progress
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OPPORTUNITIES & ADVANTAGES TO INVEST IN TUNISIA 4- An incitative Hydrocarbone Code. 14
HYDROCARBONS E&P LEGAL REGIME PRODUCTION LICENCE JOINT VENTURE PRODUCTION SHARING Convention State/ ETAP/ Company Convention State/ ETAP/ Company Document AGREEMENTS J.V. Agreement with ETAP Production Sharing Agreement / ETAP Holders ETAP & Partner as co-holders ETAP as holder & Partner as contrator Exploration Partner Contractor Development Partner or ETAP or JOC ( operations) Contractor finances all operations and & Production is paid back on cost oil Partner & ETAP (financing) Royalty Profit oil is shared between ETAP & Progressive rates based on & Taxes the Contractor ( at negociable rate) profitability 15 May 2008
MAIN GAS PROECTS • HASDRUBAL • MISKAR • CHERGUI • NAWARA 16
1- HASDRUBAL 17
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 MMm 3 of Gas • • 11000 barrel of Oil & Condensate 900 m 3 of LPG • Investment costs : 1710 MMUS$ 18
H ASDRUBAL A SSET D ESCRIPTION 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. 19
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 onshore to the BG-operated Hannibal gas processing plant (GPP-Sfax). 20
2- MISKAR • BG is the largest producer of gas in Tunisia through operating both fields (Miskar & Hasdrubal), which satisfy over 60% of local gas demand. 21
3- C HERGUI 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. • ETAP 55% Petrofac 45% • Discovery 1992 by BGT: • Concession granted on 2001 • Daily Gas Production: 0,8 MM m 3 Scheduled Done First October August Gas 2007 2008 win-win partnership 22
C HERGUI D EVELOPMENT S CHEME win-win partnership 23
4- NAWARA NAWARA DEVELOPMENT PROJECT 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 MMm 3 of Gas/day • • 5000 Barrel of Condensate/day • 130 T of LPG/day Investment costs : 1285 MMUS$ 24
NAWARA DEVELOPMENT PROJECT Médenine Tataouine Bir Ben Tartar Nawara 25
Nawara Development Plan 94 Km, 12’’ Gaz To GTP STEG Tataouine LPG Condensate LPG bottling to Gabes unit 26
Thank you for your attention 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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