Perenco acquired its Tunisian assets back in July 2002. The company operates the concessions of El Franig and Baguel, located in central Tunisia. Perenco has steadily expanded in Tunisia, first by acquiring a 50% stake in the Ashtart concession in July 2017 and more recently in 2018, by acquiring a 45% share of Petrofac Tunisia and the Chergui field operation.
Today, the production of Perenco in Tunisia consists of 10 mscfd of gas, 50 tons per day of liquefied petroleum gas (LPG) and 10,000 bopd of condensate.
The production from the El Franig, Tarfa and Baguel fields is transported via a 120 km gas pipeline to the central processing plant at Umm-Chiah.
The condensate is transferred to the terminal for export purposes, while the gas is delivered to the Gabes plant for domestic consumption.
The 3D seismic data of the El Franig concession has been acquired and processed recently. The interpretation of this data will allow Perenco Tunisia to foresee new developments on this concession.
As a result of the reprocessing and interpretation of the 3D seismic data of the Baguel concession, three wells were drilled successfully, allowing for an additional production of 2,600 BOEPDs. Two new wells are to be drilled in 2018-2019.
In 2016, extensions to the El Franig and Baguel concessions were granted, opening the door to new opportunities for more potential development in the country.
In July 2017, Perenco acquired a 50% stake in the Ashtart concession in Tunisia. Ashtart's assets are operated by SEREPT (Petroleum Research and Exploitation Company in Tunisia). Perenco now holds a 50% stake in SEREPT, in partnership with ETAP (Tunisian Petroleum Company), which holds the remaining 50%. Ashtart is an offshore field located 70 km South-East of Sfax. This mature oil field was developed in the 1970’s with a record historical production of 50,000 boepd and a stock tank oil initially in place (STOIIP) close to one billion barrels. Through SEREPT, Perenco also acquired stakes in the onshore fields of Douleb (15%), Tamesmida (2.5%) and Semmama (15%). The cumulative overall production potential of these deposits is of approximately 6,000 barrels per day.
In September 2018, Perenco acquired the 45% share of Petrofac Tunisia and its operation in the Chergui gas field, located on the island of Kerkennah. With the ETAP partner, the Chergui field produces about 27 mmscfd, with four in-line wells.