Tunisia | Egypt Oil & Gas - Part 2

UAE’s Dragon Oil Looking to Spend $500M in Acquisitions in 2019

The upstream investment arm of Dubai state-owned ENOC, Dragon Oil, plans to invest $500 million in oil and gas assets next year, chief executive Ali Rashid al-Jarwan told Reuters. Dragon Oil aims to boost its producti...

Maridive Vessel Joins Eni Fleet in Tunisia

The Maridive Tunisia 1 crew boat has started to work with Eni in its offshore operations in Tunisia, Maridive announced in a press release. The agreement stipulated three years of service starting from August 2018, wi...

Tunisia Raises Fuel Prices for Fourth Time in 2018

The Tunisian government has increased fuel prices for the fourth time in 2018, raising them by about 4% as the government attempts to reduce the budget deficit and meet the financial demands stipulated by foreign lend...

Upland Receives Exclusive Exploration Rights in Northern Tunisia

The Tunisian government accepted a bid from the upstream company Upland Resources for an exclusive hydrocarbon exploration and appraisal licence in onshore northern Tunisia, Pipeline Oil and Gas Magazine reported. “Th...

PERENCO Acquires a 50% Stake in Tunisia’s Ashtart Field

PERENCO closed its purchase of a 50% stake in the Tunisian Ashtart oilfield and a 50% state in the operating company SEREPT from OMV, according to an OMV press release. In 2016, the company’s average net production fr...

Petrofac Resumes Gas Operations in Tunisia

British energy firm Petrofac has resumed production at a gas plant in Tunisia after a stoppage that lasted several months, the company and a trade union said, according to Energy World. As informed on News 24, Petrofa...

Shell Mulls Selling Gas Fields in Tunisia

Royal Dutch Shell is seeking to sell its gas fields in Tunisia for some $500m, sources said, as the Anglo-Dutch company pushes forward with its vast disposal program, Reuters reported. According to EP Magazine, the Tu...

Tunisia’s Oil, Gas Production Drops 10.1%

Tunisia has recorded a drop in crude oil and natural gas production of 10.1% in 2016, compared to 2015, Oil Price reported. According to African Manager, domestic crude oil production fell by 6.2%, after a decline of ...

Serinus Halted Output from Tunisia’s CS-3 Well

Serinus Energy Inc. announced that a failure of the electrical submersible pump (ESP) for well CS-3 on the Chouesh Es Saida Concession in Tunisia has resulted in a temporary loss of full production from this well, Mar...

Protests Halt Gas Production in Tunisia

Oil and gas industry contractor Petrofac has halted gas production in Tunisia after two weeks of renewed protests on the southern Kerkennah islands, Reuters reported. The announcement comes just three months after Pet...

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