Abstract
Tunisia Oil and Gas Exploration and Production Industry Investment
Opportunities, Analysis and Forecasts of All Active and Planned Exploration
Blocks and Oil and Gas Fields to 2012
Summary
This profile is the essential source for top-level industry data and
information relating to the Exploration and Production industry in Tunisia. It
provides asset level information relating to the active and planned oil and
gas fields and exploration blocks in Tunisia. The profiles of the major
companies operating in the upstream industry of Tunisia are also included in
the report. The latest news and deals pertaining to the sector are also
provided and analyzed.
Scope
・ Updated information relating to all active and planned exploration
blocks.
・ Provides historical and forecast data and information for all
the major operating and planned crude oil and natural gas fields.
・
Details operators and equity partners of oil and gas fields and exploration
blocks.
・ Includes information relating to license round details, start
and end dates, acreage, location, and reserves.
・ Information on the top
companies in the sector including business description, strategic analysis,
and financial information.
・ Product and brand updates, strategy changes,
R&D projects, corporate expansions and contractions and regulatory
changes.
・ Key mergers and acquisitions, partnerships, private equity
investments and IPOs.
Reasons to buy
・ Obtain the most up to date information available on exploration licenses and
oil and gas fields.
・ Identify growth markets and opportunities in the
industry.
・ Facilitate market analysis and forecasting of future industry
trends.
・ Facilitate decision making on the basis of strong historic and
forecast data data.
・ Assess your competitor' s exploration and production
asset portfolio.
・ Understand and respond to your competitors business
structure, strategy and prospects.
・ Develop strategies based on the
latest operational, financial, and regulatory events.
・ Do deals with an
understanding of how competitors are financed, and the mergers and
partnerships that have shaped the market.
・ Identify and analyze the
strengths and weaknesses of the leading companies.
Table of Contents
1 Table of Contents 2
1.1 List of Tables 9
1.2 List of Figures 11
2 Introduction 12
2.1 What Is This Report About? 12
2.2 How To Use
This Report 12
2.3 Market Definition 12
3 Tunisia, Country Snapshot
13
3.1 Tunisia, Key Data 13
3.2 Tunisia, Exploration And Production
Assets Map 14
3.3 Tunisia, Crude Oil & Natural Gas Reserves 15
4
Tunisia, Crude Oil And Natural Gas Production 17
4.1 Tunisia, Historical
Crude Oil Production 17
4.2 Tunisia, Historical Natural Gas Production
18
4.3 Tunisia, Crude Oil And Natural Gas Producing Asset Details 19
4.4 Tunisia, Crude Oil Production Assets by Area 21
4.5 Tunisia, Natural
Gas Production Assets by Area 22
4.6 Tunisia, Planned Production Assets
Details 23
4.7 Tunisia, Crude Oil Production by Company 23
4.8
Tunisia, Natural Gas Production by Company 24
5 Tunisia, Crude Oil And
Natural Gas Forecasts 25
5.1 Tunisia, Forecasted Crude Oil Production
25
5.2 Tunisia, Forecasted Natural Gas Production 25
6 Tunisia,
Exploration Block Details 26
6.1 Tunisia, Total Number of Active
Exploration Blocks 26
6.2 Tunisia, Total Number of Active Exploration
Blocks by Company 27
6.3 Tunisia, Exploration Blocks Details 28
6.4
Tunisia, Planned Exploration Blocks Details 30
7 BG Group plc 31
7.1
BG Group plc, Key Information 31
7.2 BG Group plc, Company Overview 31
7.3 BG Group plc, Business Description 31
7.3.1 BG Group plc, Business
Description, Business Overview 31
7.3.2 BG Group plc, Business
Description, Exploration and Production 31
7.3.3 BG Group plc, Business
Description, Liquefied Natural Gas 33
7.3.4 BG Group plc, Business
Description, Power and Other activities 33
7.3.5 BG Group plc, Business
Description, Transmission and Distribution 34
7.3.6 BG Group plc, Business
Description, Major Products and Services 35
7.4 BG Group plc, Value Chain
Analysis 36
7.4.1 BG Group plc, Value Chain Analysis, Upstream 37
7.4.2 BG Group plc, Value Chain Analysis, Midstream 37
7.4.3 BG Group plc,
Value Chain Analysis, Downstream 38
7.5 BG Group plc, SWOT Analysis 38
7.5.1 BG Group plc, SWOT Analysis, Overview 38
7.5.2 BG Group plc, SWOT
Analysis, Strengths 39
7.5.3 BG Group plc, SWOT Analysis, Weaknesses
40
7.5.4 BG Group plc, SWOT Analysis, Opportunities 40
7.5.5 BG Group
plc, SWOT Analysis, Threats 41
7.6 BG Group plc, Revenue Analysis 42
7.6.1 BG Group plc, Revenue Analysis, Revenue by Segment 42
7.6.2 BG Group
plc, Revenue Analysis, Revenue by Geography 43
7.7 BG Group plc, Financial
and Operational Review 44
7.7.1 BG Group plc, Financial and Operational
Review, Financial Statements 44
7.7.2 BG Group plc, Financial and
Operational Review, Financial Ratios 45
7.8 BG Group plc, Operational
Indicators 46
8 Eni S.p.A. 47
8.1 Eni S.p.A, Key Information 47
8.2 Eni S.p.A, Company Overview 47
8.3 Eni S.p.A, Business Description
47
8.3.1 Eni S.p.A, Business Description, Business Overview 47
8.3.2
Eni S.p.A, Business Description, Engineering and Construction 47
8.3.3 Eni
S.p.A, Business Description, Exploration & Production 49
8.3.4 Eni S.p.A,
Business Description, Gas & Power 50
8.3.5 Eni S.p.A, Business
Description, Others 51
8.3.6 Eni S.p.A, Business Description,
Petrochemicals 52
8.3.7 Eni S.p.A, Business Description, Refining and
Marketing 53
8.3.8 Eni S.p.A, Business Description, Major Products and
Services 54
8.4 Eni S.p.A, Value Chain Analysis 56
8.4.1 Eni S.p.A,
Value Chain Analysis, Upstream 56
8.4.2 Eni S.p.A, Value Chain Analysis,
Midstream 57
8.4.3 Eni S.p.A, Value Chain Analysis, Downstream 58
8.4.4 Eni S.p.A, Value Chain Analysis, Retail 59
8.5 Eni S.p.A, SWOT
Analysis 60
8.5.1 Eni S.p.A, SWOT Analysis, Overview 60
8.5.2 Eni
S.p.A, SWOT Analysis, Strengths 61
8.5.3 Eni S.p.A, SWOT Analysis,
Weaknesses 62
8.5.4 Eni S.p.A, SWOT Analysis, Opportunities 63
8.5.5
Eni S.p.A, SWOT Analysis, Threats 64
8.6 Eni S.p.A, Revenue Analysis
66
8.6.1 Eni S.p.A, Revenue Analysis, Revenue by Segment 66
8.6.2 Eni
S.p.A, Revenue Analysis, Revenue by Geography 67
8.7 Eni S.p.A, Financial
and Operational Review 68
8.7.1 Eni S.p.A, Financial and Operational
Review, Financial Statements 68
8.7.2 Eni S.p.A, Financial and Operational
Review, Financial Ratios 69
8.8 Eni S.p.A, Operational Indicators 70
9
OMV Aktiengesellschaft 71
9.1 OMV Aktiengesellschaft , Key Information
71
9.2 OMV Aktiengesellschaft Company Overview 71
9.3 OMV
Aktiengesellschaft, Business Description 71
9.3.1 OMV Aktiengesellschaft,
Business Description, Business Overview 71
9.3.2 OMV Aktiengesellschaft,
Business Description, Chemicals 72
9.3.3 OMV Aktiengesellschaft, Business
Description, Exploration and Production 73
9.3.4 OMV Aktiengesellschaft,
Business Description, Gas 74
9.3.5 OMV Aktiengesellschaft, Business
Description, Petrom 75
9.3.6 OMV Aktiengesellschaft, Business Description,
Refining and Marketing 76
9.3.7 OMV Aktiengesellschaft, Business
Description, Major Products and Services 77
9.4 OMV Aktiengesellschaft,
SWOT Analysis 78
9.4.1 OMV Aktiengesellschaft, SWOT Analysis Overview
78
9.4.2 OMV Aktiengesellschaft, SWOT Analysis, Strengths 79
9.4.3 OMV
Aktiengesellschaft, SWOT Analysis, Weaknesses 79
9.4.4 OMV
Aktiengesellschaft, SWOT Analysis, Opportunities 80
9.4.5 OMV
Aktiengesellschaft, SWOT Analysis, Threats 81
9.5 OMV Aktiengesellschaft,
Revenue Analysis 81
9.5.1 OMV Aktiengesellschaft, Revenue Analysis,
Revenue by Segment 81
9.5.2 OMV Aktiengesellschaft, Revenue Analysis,
Revenue by Geography 82
9.6 OMV Aktiengesellschaft,, Financial and
Operational Review 84
9.6.1 OMV Aktiengesellschaft,, Financial and
Operational Review, Financial Statements 84
9.6.2 OMV Aktiengesellschaft,,
Financial and Operational Review, Financial Ratios 85
9.7 OMV
Aktiengesellschaft, Operational Indicators 86
10 Tunisia Exploration and
Production Industry, Financial Deals Landscape (July, 2007 - June, 2008)
87
10.1 Asset Transactions 87
10.1.1 AuDAX Resources Acquires
Kerkouane Permit From Stratic Energy 87
10.1.2 Kairiki Energy Acquires 30%
Interest In Kerkouane Permit From AuDAX 88
10.1.3 OMV Acquires 80%
Interest In Sidi Mansour From Thani Tunisia Sidi Mansour 89
10.1.4 Storm
Ventures International Acquires Interest In The Cosmos Concession 91
10.1.5 Cygam Energy Signs Farm Out Agreement With Pennine Petroleum 92
10.1.6 Petrofac Acquires Stake In Chergui Gas Field From Entreprise Tunisienne
93
10.1.7 Rigo Oil Company Acquires 62.5% Interest In The Jorf Exploration
Permit 94
10.1.8 Candax Energy Sells 20% Working Interest In The Chaal
Permit To Mitsubishi 95
10.1.9 Mediterranean Oil & Gas Acquires 25%
Interest In The Medjerda Block Petroleum License From Carthago Oil 96
10.1.10 Cygam Energy' S Rigo Oil Acquires Working Interest In Bazma Permit
98
10.1.11 Cygam Energy Signs Farm In Agreement With Storm Ventures 98
10.1.12 Eurogas And APEX Enters Into Farmout Agreement With Delta For $125
Million 100
10.1.13 Circle Oil To Acquire Mahdia Permit Offshore Tunisia
From Tethys Oil and Mining 102
10.1.14 PA Resources To Acquire 35%
Interest In Tunisia License 103
11 Tunisia Exploration and Production
Industry, Recent Developments 105
11.1 License Rounds 105
11.1.1 Feb
20, 2008: Tunisia Awards Exploration Permits To Vietnamese Firms 105
11.2
License Awards 105
11.2.1 May 14, 2008: Petroceltic Enters Second
Exploration Phase In Isarene Permit 105
11.2.2 Apr 14, 2008: Cairn Energy
Unit Wins Exploration License In Tunisia 106
11.2.3 Feb 20, 2008: DualEx
Wins Approval For Bouhajla Exploration Block In Tunisia 106
11.3 Recent
Discoveries 107
11.3.1 Aug 18, 2008: Eurogas Strikes Oil At REB3 Well On
Sfax Offshore Permit, Tunisia 107
11.3.2 Jul 24, 2008: Cygam Announces
Preliminary Test Results From Remada Sud TT2 Exploratory Well In Tunisia
107
11.3.3 Jul 14, 2008: OMV Strikes Gas At Ahlem-1 Well In Tunisia
108
11.3.4 Jul 11, 2008: Cygam Updates On TT2 Exploration Well In Remada
Sud Permit, Tunisia 108
11.3.5 Jun 23, 2008: Cygam Updates On TT2
Exploration Well 108
11.3.6 May 26, 2008: Madalena Updates On TT2
Exploration Well 109
11.3.7 Dec 21, 2007: Candax Updates On El Bibane
Project 110
11.3.8 Oct 18, 2007: Pioneer Natural Announces Three New
Discoveries In Tunisia 110
11.4 Drilling and Production Updates 111
11.4.1 Aug 29, 2008: PA Resources Completes Drilling Didon-9 Pilot Well At
Didon Field In Tunisia 111
11.4.2 Aug 11, 2008: Petrofac Commences
Production From Chergui 112
11.4.3 Jun 16, 2008: Eurogas Commences
Drilling Of Ras el Besh Well In Tunisia 112
11.4.4 Jun 10, 2008: PA
Resources Spuds Second Well On Didon Field, Tunisia 113
11.4.5 Jun 09,
2008: PA Resources Begins Production From New Well At Didon Oil Field,
Offshore Tunisia 113
11.4.6 May 30, 2008: Candax Commences Ezzaouia
Drilling Onshore Tunisia 114
11.4.7 May 26, 2008: Cygam Update On Drilling
Operations In Tunisia 114
11.4.8 Apr 30, 2008: Candax Updates El Bibane
Development And Production Outlook 115
11.4.9 Apr 28, 2008: PA Resources
Updates On Didon Field In Tunisia 115
11.4.10 Apr 28, 2008: Candax
Announces 2008 Drilling Program 116
11.4.11 Apr 28, 2008: PA Resources
Announces Start Of Drilling Campaign On Ezzaouia Field In Tunisia 117
11.4.12 Apr 25, 2008: Madalena Updates On TT2 Exploration Well 118
11.4.13
Apr 25, 2008: Cygam Provides Update On Drilling Operations In Tunisia 118
11.4.14 Apr 24, 2008: MOG Provides Drilling Update 119
11.4.15 Apr 01,
2008: Circle Oil Provides Tunisia Drilling Update 120
11.4.16 Mar 31,
2008: Madalena Announces Commencement Of Drilling Operations In Tunisia
120
11.4.17 Mar 31, 2008: Madalena Commences Drilling On TT-2 Exploratory
Well 121
11.4.18 Mar 28, 2008: Cygam Announces Commencement Of Drilling At
Sud Remada In Tunisia 122
11.4.19 Mar 28, 2008: MOG Provides Tunisia
Drilling Updates 122
11.4.20 Mar 17, 2008: MOG Provides Drilling Update
122
11.4.21 Feb 18, 2008: MOG Spuds Teb1 Well In Tunisia 123
11.4.22
Feb 04, 2008: Candax Provides El Bibane Project Update 123
11.4.23 Jan 28,
2008: MOG Provides Operational Update 124
11.4.24 Nov 13, 2007: Candax
Provides Update On El Bibane Project 124
11.4.25 Oct 09, 2007: Gallic
Updates On Bhayra Rigo No.1 Well 125
11.4.26 Oct 09, 2007: Candax Updates
On Tunisian Drilling Program 125
11.4.27 Sep 28, 2007: Gallic Completes
Testing On Bhayra Rigo No.1 Well Of Jorf Permit 125
11.4.28 Sep 27, 2007:
Cygam Updates On Bahyra Rigo # 1 Well, Tunisia 126
11.5 Other Significant
Developments 126
11.5.1 Jul 31, 2008: Candax Updates On El Bibane
Development And Ezzaouia Drilling 126
11.5.2 May 29, 2008: DualEx Provides
Quarterly Operational Updates 126
11.5.3 May 16, 2008: Eurogas Signs
Contract With SeaWolf For Drilling Wells 127
11.5.4 Apr 04, 2008: MOG
Provides Drilling Update 127
11.5.5 Mar 25, 2008: Winstar Provides Q1 2008
Operational Updates 128
11.5.6 Jan 08, 2008: Petroceltic Provides
Operational Updates 131
11.5.7 Dec 11, 2007: MOG Provides Operational
Update 133
11.6 New Contracts Announcements 133
11.6.1 Apr 28, 2008:
Candax Announces 2008 Drilling Program 133
12 Appendix 135
12.1
Methodology 135
12.1.1 Coverage 136
12.1.2 Secondary Research 136
12.1.3 Primary Research 137
12.1.4 Forecasts 137
12.2 Key Economic
Assumptions 139
12.3 Expert Panel Validation 140
12.4 Definitions
141
12.5 Unit of Measure 142
12.6 Contact Us 142
12.7 Disclaimer
142
1.1 List of Tables
Table 1: Tunisia, Oil and Gas, Key
Statistics, April 2008 13
Table 2: Tunisia, Total Crude Oil and Natural
Gas Reserves, 2000-2012 16
Table 3: Tunisia, Total Crude Oil Production
(MMBBLs), 2000-2007 17
Table 4: Tunisia, Total Natural Gas Production
(BCF), by Assets, 2000-2007 18
Table 5: Tunisia, Oil and Gas Asset
Details, April 2008 19
Table 6: Tunisia, Oil and Gas Asset Details, April
2008 (Cont' d) 20
Table 7: Tunisia Offshore, Total Crude Oil Production
(Barrels), by Assets, 2000-2007 21
Table 8: Tunisia Onshore, Total Crude
Oil Production (Barrels), by Assets, 2000-2007 21
Table 9: Tunisia
Onshore, Total Crude Oil Production (Barrels), by Assets, 2000-2007 21
Table 10: Tunisia Onshore, Total Crude Oil Production (Barrels), by Assets,
2000-2007 (Cont' d) 22
Table 11: Tunisia Onshore, Total Natural Gas
Production (MMCF), by Assets, 2000-2007 22
Table 12: Tunisia, Oil and Gas
Planned Production Asset Details, April 2008 23
Table 13: Tunisia, Total
Crude Oil Production (MMBBLs), by Company, 2000-2007 23
Table 14: Tunisia,
Total Crude Oil Production (MMBBLs), by Company, 2000-2007 (Cont' d) 24
Table 15: Tunisia, Total Natural Gas Production (BCF), by Company, 2000-2007
24
Table 16: Tunisia, Total Crude Oil Production (MMBBLs), Forecast,
2008-2013 25
Table 17: Tunisia, Total Natural Gas Production (BCF),
Forecast, 2008-2013 25
Table 18: Tunisia, Total Number of Active
Exploration Blocks, 2000-2007 26
Table 19: Tunisia, Total Number of Active
Exploration Blocks By Company, 2000-2007 27
Table 20: Tunisia, Oil and Gas
Exploration Blocks Details, April 2008 28
Table 21: Tunisia, Oil and Gas
Exploration Blocks Details, April 2008 (Cont' d) 29
Table 22: Tunisia, Oil
and Gas Exploration Blocks Details, April 2008 (Cont' d) 30
Table 23:
Tunisia, Oil and Gas Planned Exploration Blocks Details, April 2008 30
Table 24: BG Group plc,Key Facts, 2006 31
Table 25: BG Group
plc, SWOT Analysis , 2006 39
Table 26: BG Group plc, Revenue by
Segment, GBP Milllion, 2002-2006 42
Table 27: BG Group plc, Revenue
by Geography, GBP Milllion, 2002-2006 43
Table 28: BG Group plc,
Financial Statements, GBP Milllion, 2002-2006 44
Table 29: BG Group
plc, Financial Ratios, GBP Milllion, 2002-2006 45
Table 30: BG Group
plc Operational Indicators, 2002-2006 46
Table 31: Eni S.p.A.,Key
Facts, 2007 47
Table 32: Eni S.p.A., SWOT Analysis , 2007 60
Table 33: Eni S.p.A., Revenue by Segment, Euro Million, 2002-2006 66
Table 34: Eni S.p.A., Revenue by Geography, Euro Million, 2002-2006
67
Table 35: Eni S.p.A., Financial Statements, Euro Million,
2003-2007 68
Table 36: Eni S.p.A., Financial Ratios, Euro Million,
2003-2007 69
Table 37: Eni S.p.A. Operational Indicators, 2003-2007
70
Table 38: OMV Aktiengesellschaft,Key Facts, 2006 71
Table 39:
OMV Aktiengesellschaft, Revenue by Segment, Euro Million, 2002-2006 82
Table 40: OMV Aktiengesellschaft, Revenue by Geography, Euro Million,
2002-2006 83
Table 41: OMV Aktiengesellschaft, Financial Statements,
Euro Million, 2002-2006 84
Table 42: OMV Aktiengesellschaft,
Financial Ratios, Euro Million, 2002-2006 85
Table 43: OMV
Aktiengesellschaft Operational Indicators, 2002-2006 86
Table 44: OMV
Aktiengesellschaft Operational Indicators, 2002-2006 86
Table 45:
Brent Blend NYMEX Future Prices 140
1.2 List of Figures
Figure 1:
Tunisia, Exploration and Production Assets Map, April 2008 14
Figure
2: Tunisia, Total Crude Oil and Natural Gas Reserves(MMBOE), 2000-2012
15
Figure 3: Tunisia, Total Crude Oil Production (MMBBLs), 2000-2007
17
Figure 4: Tunisia, Total Natural Gas Production (BCF), 2000-2007 18
Figure 5: Tunisia, Total Number of Active Exploration Blocks, 2000-2007
26
Figure 6: BG Group plc, Value Chain Analysis 36
Figure 7:
Eni S.p.A., Value Chain Analysis 56
Figure 8: Global Markets Direct
Methodology 135
