Panoro Energy ASA, London, is planning increased drilling activity in Tunisia.
The London-based company and its joint venture partner Tunisian national oil company Enterprise Tunisienne d'Activites Petrolières (ETAP) approved drilling a production well on Guebiba oil field, onshore Tunisia, part of the Thyna Production Services SA (TPS) operated assets (OGJ Online, Nov. 6, 2018). It will be the first drilling operation on the assets since 2015.
The well is expected to spud in May using Tunisian state-owned drilling contractor Compagnie Tunisienne de Forage’s land drilling rig CTF-06. From an existing top-hole section, the well will target a new production interval in the Bireno formation at 3,600 m in a known fault block compartment, where a further drainage point is required to effectively exploit the resource potential present in the western panel of the field.
It will be drilled in advance of the Salloum West exploration well, which also will be drilled by rig CTF 06, targeting the Bireno formation. The well has been delayed due to outstanding regulatory approvals.
Additionally, three wells are in the final stages of completion and will be brought on-line in stages by the end of this year’s first quarter. Collectively, these workover activities are expected to increase the TPS-operated assets gross production to about 5,000 b/d. A workover rig has been on site since December 2019. Workover activities have contributed to a rise in gross production to over 4,000 b/d, up from the third-quarter 2019 average production of 3,450 b/d.
Other activities include a recent well stimulation exercise in Rhemoura field, part of TPS operated assets, resulting in a fourfold increase in production. As a result, the joint venture partners are planning a campaign of similar stimulations in several other TPS fields.
The TPS assets comprise five oil field concessions (Cercina, Cercina Sud, Rhemoura, El Ain/Gremda, and El Hajeb/Guebiba) in the region of the city of Sfax, onshore, and shallow water offshore Tunisia.
Panoro Tunisia Production AS indirectly owns a 49% interest in the fields and a 50% interest in the TPS operating company. The remaining interests are held by ETAP. Panoro’s net interest in TPS operations is 29.4%.
