“As you can see, I wanted to talk about concrete projects and initiatives, capable of generating a significant and immediate impact in the countries in which they will be implemented" and with scope for expansion, she said.
Zenith is claiming at least $48 million under the ISCID case. It did not specify a value for the separate ICC proceedings.
Aoun said Saied’s comments might refer to the continental shelf, rather than the Bouri field. Tunisia and Libya have established the Joint Oil company to work in this area, although this has not made any progress in recent years.
“Given the state owned, monopolistic nature of CTF the company was deprived of normal contractual remedies and was forced to wait until a suitable rig became available,” he continued.
“Panoro is entering a phase of continual drilling activity which will see at least 10 wells being drilled in Gabon and Equatorial Guinea over the next 12 to 15 months and deliver a step-change in working interest production,” said company CEO John Hamilton.
It also noted that there was scope to develop hydrogen resources within the venture. There was discussion in December, during talks between Algeria and Germany, about the possibility of transporting green hydrogen via Italian links.
Eni has started producing power at a solar photovoltaic (PV) facility in Tunisia, connected up to the national grid.
Japanese corporates have signed around 90 agreements with African investors at the recently concluded 8th Tokyo International Conference on African Development (TICAD) in Tunisia.
Upland Resources has signed a farm-out agreement with Pennpetro Energy on the Saouaf permit, in Tunisia.
A bunker vessel has sunk offshore Tunisia raising the risk of a major diesel spill in the Gulf of Gabes.
US-focused Pennpetro has set out a plan to diversify into Tunisia through a deal with Upland Resources.
Panoro Energy more than tripled its production in 2021, to 7,582 barrels per day of oil.
When a gas company thinks the price is too high, it does suggest that something has gone awry in the market, but that is exactly what Serinus Energy’s CEO has been saying.
An accident during decommissioning work at a field offshore Libya has left at least three workers dead.
Shell has set out plans to relinquish its operations in Tunisia, in another blow to the North African state’s upstream.
Zenith Energy has struck a deal to acquire a 45% stake in Tunisia’s Ezzaouia concession, under a deal with Candax Energy.
Serinus Energy’s “shackles are off”, the company’s CEO Jeffrey Auld has said, with a newfound focus on generating cash and modest drilling plans.
Tunisia holds opportunities for investors, but government processes and local unrest have slowed developments.
Upland Resources is closing in on the reprocessing of seismic on what could be an area of interest in Tunisia.
58 Egyptian offshore workers have finally returned home, four months after their initial two-month stint ended.
Algeria’s Sonatrach has signed a deal with Societe Tunisienne de l'Electricite et du Gaz (STEG) extending gas supplies.
Zenith Energy has paid $250,000 to Kuwait Foreign Petroleum Exploration Co. (KUFPEC) as a first payment for its acquisition of the Sidi El Kilani concession in Tunisia.
Panoro Energy has reported higher production in the first quarter but lower revenues, as a result of fewer liftings and lower prices.
Additional drilling at Gabon’s Dussafu Marin licence has been deferred because of coronavirus, BW Energy has said, blaming international travel restrictions.
Panoro Energy will drill a production well in Tunisia in May, while three workovers are under way and should be on line by the end of March.