PA Resources updates Tunisian offshore programs

PA Resources (PAR) has authorized new measures to extend the life of the Didon field offshore Tunisia.

Offshore staff

STOCKHOLM, Sweden -- PA Resources (PAR) has authorized new measures to extend the life of the Didon field offshore Tunisia.

These include installation scheduled this spring of an electric submersible pump in a previously shut-in production well, and drilling of an infill well during the fall.

Last May the company agreed to farm out 70% of its Tunisian offshore interests and to transferoperatorship to EnQuest. The parties have started the notification and approval process with the Tunisian government authorities, but due to the country’s political situation the transaction will not be completed until end-March.

PAR’s other offshore concession contains part of the Zarat field, which overlaps into an adjoining license. The southern and northern tract partners are working to resolve legal and commercial issues for a ZaratUnitized Unit Operating Agreement (UUOA).

It is also formulating a full field life Unit Plan of Development (UPOD), taking into account Tunisia’s increasing gas supply demands and CO2 sequestration requirements.

An agreed southern/northern tract Zarat UUOA and UPOD both should be ready for submission to the authorities for approval in mid-year.

In the Danish North Sea, PAR says negotiations are under way for a rig for appraisal drilling later this year on the Lille John oil discovery. As for German license B20008/73,reprocessing of 3D seismic data is under way, and the partners have applied to continue the license into the next phase.

2/5/14

More in Field Development