EAGE Newsletter North Africa & Mediterranean Issue 1 2011

EAGE NEWSLETTER NORTH AFRICA MEDITERRANEAN

Issue-1 2011

Looking forward to seeing you in Libya!

Hussein Sadeegh Board Member North Africa

H

ussein Sadeegh, EAGE Board Member North Africa, writes: I am honoured and pleased to write this introductory article in this first special newsletter for EAGE members and the whole geoscience, engineering and academic community of the North Africa and Mediterranean region. Certainly many of you are aware that the 5th North African Mediterranean Petroleum and Geosciences Conference & Exhibition will take place in the city of Tripoli and will be hosted by the National Oil Corporation

Trivia Question In which country can the ruins of ancient Carthage be found?

A B C D

-

Morocco Libya Tunisia Algeria

(NOC) in Dath El Imad Venue from 28–30 March 2011. Those who attended the 2007 conference remember very well that it was a real success by any measure. In that event more than 1000 delegates attended and 77 companies participated in the exhibition. Also 100 students were full sponsored and enjoyed this international conference. They had a special technical programme prepared for them.

Of course the oil and gas wealth of Libya and its position within the African Energy sector is widely known and most of the world’s largest oil exploration and production companies are operating in the country such as BP, ExxonMobil, Conoco, Total, Eni, etc. Their presence will provide an excellent opportunity for professionals to meet and attend technical paper sessions being given by recognized technical specialists from these companies. A lot of scientific and technical data will be discussed during the conference, based on practical experience of IOCs in Libya as well as in neighbouring countries of North Africa and the Mediterranean region.

In addition, more than 41 oil and gas service companies are registered to exhibit over the two floors of the 600 m2 exhibition area. Participants will display their state-of-the-art technology and operational capabilities onshore and offshore.

Leading service providers in the field of geophysical data acquisition and processing onshore and offshore, drilling and reservoir engineering are among the most important exhibitors.

This coming international and regional event in Libya is part of EAGE’s commitment to its members and to the oil and gas community in general. Such gatherings are an excellent opportunity for companies and professionals to pursue joint projects and partnerships, and share experiences gained in the region.

Answer on p. 5 Read more on p. 2 ➤

EAGE and ASGA agree closer ties in Angola

L

ast December, EAGE visited the Angolan Geophysical Association (ASGA) in Luanda, Angola to discuss strengthening the ties between the two associations.

EAGE can now proudly announce that these talks have resulted in further cooperation, with the ASGA becoming an Associated Society to EAGE as of January 2011. Through this membership, ASGA is given the opportunity benefit from EAGE’s knowledge and network.

EAGE and ASGA have already worked successfully together in the past. In October 2009, the second EAGE Education Tour (EET) visited Angola with the course on ‘Seismic Reservoir Characterization: An Earth Modelling Perspective’, presented by Philippe Doyen. EAGE revisited the country in June 2010 with another course, this time with Etienne Robein, who presented ‘Seismic Imaging: A Review of the Techniques, their Principles, Merits and Limitations’ (EET 4).

Read more on p. 2 ➤

What's inside NA benefits

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Students North Africa

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Libya 2011 Sicilian field data And more...

4–5 6

EAGE UPDATE EAGE and ASGA agree closer ties in Angola Continued from p. 1

Autumn 2011 will be very important for both societies, as we will launch our first EAGE/ ASGA workshop in Luanda. This workshop will focus on the challenges of pre-salt in West Africa. We have the support and agreement of Sonangol, the Angolan oil and gas company, to make this workshop a successful start for our further cooperation. The committee members for this workshop are experts in the industry and highly dedicated to making the workshop a great success. In addition to the workshop, EAGE plans to organize the EET 5 course on ‘Seismic Geomechanics’, provided

by Jörg Herwanger from WesternGeco.

EAGE-ASGA meeting in December 2010. From left to right: Anibal Baldoceda M., Leopoldina Ribeiro, Kristof Hermans, Alberto Jaime de Carvalho, JeanLouis Gelot and Horacio Fortunato.

EAGE is also in the process of setting up an EAGE Student Chapter at the Faculdade de Ciências Universidade Agostinho Neto in Luanda, providing a platform for geoscience students to meet, exchange ideas and initiate activities supported by the EAGE. The recent EAGE presentation on the student benefits at the university was attended by more than 80 students.

In autumn 2011 EAGE and ASGA will launch first workshop in Luanda.

More information about the workshop and EET 5 will be announced at www.eage.org.

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Time to sign up for EAGE membership benefits!

Wondering why you should join the EAGE? Here are just a few reasons.

A

s a member you will receive the EAGE flagship magazine First Break every month, filled with technical articles, special topics, industry news, reports on EAGE past and upcoming events and more. In addition, you can choose one online subscription to one of EAGE’s scientific journals (Geophysical Prospecting, Near Surface Geophysics, Petroleum Geoscience or Basin Research) and receive free access to EarthDoc, the EAGE online geoscience database with over 30,000 scientific papers, which you can search by author, topic, keyword, etc. All this is included in your membership fee.

In addition, EAGE offers a wide variety of workshops on a broad range of topics, such as: Passive Seismic, Naturally & Hydraulically Induced Fractured Reservoirs and the Arabian Plate. Workshops have limited attendance and provide an excellent opportunity for interactive discussions about a specialized topic.

EAGE members always register at discounted rates, both for the workshops and for the larger events worldwide. EAGE’s Annual Conference & Exhibition attracts some 6000 geoscientists and engineers from all over the world. In 2011, Vienna (Austria) will host this event from 23–26 May.

For those looking for education opportunities, EAGE has a lot to offer and, being a member, you will also benefit from reduced prices for registration. In March 2011, during Libya 2011, Mark Bentley will lecture on his short course ‘Reservoir Modelling in Practice – How to Distinguish Good Models from Bad’.

For 2011, the second Student Lecture Tour in North Africa is planned for the autumn of 2011 running through to the spring of 2012.

Joining EAGE is easy and a growing number of geoscientists and engineers take advantage of the benefits offered. So, why not go to the EAGE website at www.eage.org and find out how to sign up or contact the EAGE Head Office at eage@eage.org.

Looking forward to see you all in Libya!

Continued from p.1

The theme of Libya 2011 is ‘Going Deep – New Technology Challenges in North Africa’ and this reflects very clearly the future exploration targets for oil and gas companies, as most of us know that the days of easy oil and gas exploration are gone and the future reserves have to be found in deep stratigraphic targets onshore and offshore. Technology will be put to the test to challenge high temperature, high pressure and deep water drilling.

I can also say that you will be amazed by the fantastic weather in Tripoli in March and you will certainly enjoy the side events of the conference, including the nearby archaeological sites of Sabratha and Leptis.

Finally, I would like to thank the NOC management for its sponsorship and support of the event and special thanks have to go to Ali Elsogher, General Manager and Vice-Chairman of NOC Libya, as Chairman of the International Advisory Committee and to Belghasem Shenger, Board Member of the NOC management and Chairman of Libya 2011. My sincere thanks also extend to all general managers of the NOC and IOC companies operating in Libya for their support, either in the form of sponsorship or by taking part in the technical programme.

Last, but not least, I would like to thank all EAGE members and supporters and I look forward to seeing you all in Tripoli next March!

EAGE NEWSLETTER NORTH AFRICA MEDITERRANEAN

ISSUE-1 2011

EAGE UPDATE

North African student activities to bloom in 2011!

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AGE has expanded its roots into the North African Mediterranean regions, embracing a variety of cultures, climates, professionals and students. Specifically, EAGE student activities have developed in this area over the last few years and will continue to do so in the years to come.

Previously, only the student programmes in conjunction with the EAGE regional conference and exhibition, took place in both Libya and Tunisia.

Now, not only will there be an extensive two and a half day parallel student programme at the 5th North African Mediterranean Petroleum and Geosciences Conference & Exhibition, taking place 28–30 March 2011 in Tripoli, Libya, but EAGE is also in the process of launching the first ever Student Lecture Tour in North Africa (SLT NA).

Both activities have quality and style, as EAGE’s focus is always to communicate with high-level students interested in engaging with industry professionals to maximize their career potential. The student conference programme will include 35 selected student poster presenters and up to 50 student participants over the two and a half days, assisting students in developing their knowledge and career options. The student programme will also engage and challenge all student participants with a Geo-Quiz, while other activities are designed to broaden their networks and provide an opportunity for conference delegates to meet eager, younger generation participants. Travel grants have been provided and EAGE appreciates the supporting

Dr Peter Nederlof joins the Gharyan University hosting professors for a meal.

sponsors, including the EAGE Student Fund, Shell, CGGVeritas, PGS and WesternGeco and ExxonMobil, Total and BP. The SLT NA, which visited Libya’s university cities of Tripoli, Benghazi and Gharyan plus Cairo, Egypt during the autumn of 2010, plans to visit Algeria, Morocco and Mauritania in the spring of 2011. Our presenter Dr Peter Nederlof from Shell E&P International is lecturing on ‘Fundamentals and Applications of Petroleum System Analysis’.

Dr Nederlof’s lecture aims to give an overview, then after a review of methods used for source rock characterization, the presentation focuses on the latest applications in the exploration and production of ‘conventional’ hydrocarbons. The second SLT NA tour is planned to begin in the autumn of 2011 running through to the spring

of 2012. It is intended that this tour will run annually throughout the school year. We look forward to expanding our university contacts and continuing to provide ‘hot topic’ lectures for students from this part of the world.

EAGE anticipates an increase in student membership from these regions, as we offer the opportunity for students to apply for free student membership. University students are also encouraged to create an EAGE student chapter, providing them with a variety of benefits and opportunities including continued exposure to what EAGE has to offer for our developing generation. All students are also urged to become part of EAGE’s student online networks, including Facebook and LinkedIn, where announcements can be found that connect EAGE students from around the world to participate in our activities.

SLT North Africa to visit Algeria, Morocco and Mauritania in 2011.

EAGE looks forward to further developing its student programmes in the region while advising our students on what options and opportunities are available to them through this growing global organization. More information can be found at www.eage.org/students and we look forward to meeting you all at our events in 2011!

Gharyan University student participants with Dr Peter Nederlof.

EAGE NEWSLETTER NORTH AFRICA MEDITERRANEAN

ISSUE-1 2011

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EAGE UPDATE

Libya 2011 technical programme reaches new heights!

Going Deep – New Technology Challenges in North Africa The Libyan capital of Tripoli and NOC Libya will host the 5th North African Mediterranean Petroleum and Geosciences Conference & Exhibition in the Dath El Imad venue from 28–30 March 2011.

This established biennial EAGE North Africa event, last held in Tunisia in 2009, is expected to attract over 700 participants. The theme of the conference ‘Going Deep – New Technology Challenges in North Africa’ has already generated a lot of interest from the E&P industry from within and outside Libya, as it reflects the deep water E&P focus of the oil industry in the region.

Impressive line up for Opening Session Libya 2011 will be officially opened on 28 March. A distinguished platform of speakers at the Opening Session, chaired by Ali Soghair, will include: Shokri M. Ghanem (Chairman, NOC Libya) Davide Calgagni (President, EAGE 2010–2011) Khaled Becheikh (Chairman & CEO, ETAP) Noredine Cherouati (Chairman & CEO, Sonatrach) Mhammed El Mostain (Exploration Manager, ONHYM) Mohamed Ould Bahiya (Chairman & CEO, SMH) The traditional Ice-breaker reception in the Exhibition area will follow the Opening Session.

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W

ith 88 accepted papers in total, the EAGE Technical Committee has compiled a diverse and interesting technical programme, covering a wide range of disciplines in both oral and poster presentations. The North African Mediterranean regions are well represented, taking approximately 55% of the accepted oral and poster presentations for the technical programme in Tripoli. Libyan authors alone make up 35% of the regional contributions with the most popular topics being ‘Land Seismics – New Technologies, Applications, Acquisition and Processing’, ‘North Africa and Mediterranean Petroleum Systems’ and ‘Basin Analysis, Regional and Structural Geology’.

The conference will be officially opened in the main lecture room of the ‘Dath El Imad’ on Monday morning 28 March 2011, with the technical programme to begin at 14.00 hrs. From this point, there will be two parallel technical oral sessions held in both lecture rooms at the ‘Dath El Imad’ throughout the duration of the event.

Starting on Tuesday, technical oral sessions will be

complemented by the addition of technical poster sessions, which will run parallel in a specifically designated area of the conference building.

The technical poster sessions will be an interesting experience for all who participate.

The diversity among presentations creates the opportunity for our delegates to acquaint themselves with unfamiliar fields, as well as debate and share information or views on familiar ground within each session.

The exhibition will be held simultaneously with the conference, with 600 m2 of exhibit space divided over two floors. Over 41 companies will participate and showcase their new products and services and demonstrate their technology and equipment.

Libya 2011 will also include two workshops.

The use of seismic amplitudes for lithology and fluid discrimination has traditionally been confined to areas of very limited structural complexity. In the workshop ‘The Use of Advanced Seismic Imaging Technology for Optimal Reservoir Development’, under the guidance of con-

EAGE NEWSLETTER NORTH AFRICA MEDITERRANEAN

ISSUE-1 2011

EAGE UPDATE

venors Paul Sexton and Francois Audebert from Total, the following question will be discussed: Can our advanced seismic imaging tools really give us more accurate seismic amplitudes whilst preserving the full seismic bandwidth and producing better attributes for reservoir characterization?

55% of presentation from region North Africa and Mediterranean.

The topics that may be covered in the second workshop ‘Unconventional Gas Reservoir Evaluation: Tight Gas Sands and Gas Shale Plays’, convened by Francois Xavier Dubost from Schlumberger, will range from pre-exploration analysis, with basin analysis and prospect ranking techniques, exploration evaluation with the roles of petrophysics and core analysis, the geomechanical characterization of unconventional gas plays, stimulation design, directional drilling and completion technologies and gas flow and producibility forecasting.

There will also be a non-software-specific short course covering the underlying principles of 3D static reservoir (‘geocellular’) modelling? The fo-

cus will be on explaining why some models contribute successfully to subsurface projects and others do not. Lecturer Mark Bentley, production geoscientist at TRACS International, will offer five guiding principles as a basis for ensuring a modelling exercise is meaningful and useful.

Tripoli and Nalut field trips Shell and BP will organize two field trips during Libya 2011 that will focus on specific exploration areas in Libya. The one-day field excursion will take place not too far from Tripoli. This trip, led

by Exploration Manager Mark Shann from BP Libya, is a walk-up section describing the reservoir, source and seal potential of the Triassic to Late Cretaceous section and three major unconformities and relating them to tectonostratigraphic observations from the oil geology of Libya.

Prof Ali M. Sbeta, with assistance from Bruno Blin and Bashir Elmerjab, will lead the Nalut Field Trip, a two-day trip including an overnight stay on Thursday 31 March and Friday 1 April 2011. On the first day the Jadu section will be visited, followed by the Wazen section on the second day.

Are you Ready for your Future Under the theme ‘Are you Ready for your Future?’ the Libya 2011 Student Programme will include many knowledge and career developing activities, giving student participants the best

opportunities in geology, geophysics and/or petroleum engineering. The Student Programme is divided over 2½ days, running parallel to the conference and exhibition. It will include 35 student poster presentations (approximately 65% of the student presenters come from the North African and Mediterranean regions), several lectures, short courses and workshops, plus an exhibition tour and EAGE’s famous geo-quiz!

For more detailed information, please refer to the EAGE website at www.eage.org.

Food for thought

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xchanging knowledge is essential in a fast evolving industry. EAGE gives its members an opportunity to stay up to date with the latest technologies and innovations through the EAGE Bookshop and EarthDoc. The EAGE online bookshop offers over 500 titles in various geoscience disciplines and showcases and sells its own publications and those of

EarthDoc is EAGE’s online database giving access to thousands of event papers and journal articles.

reputable publishing houses such as Cambridge University Press, Editions Technip, Springer and Elsevier. Members of the EAGE receive a discount on the full range of publications available, along with monthly updates that provide information about the latest bookshop offers and additions.

Visit the EAGE Online Bookshop at www.eage. nl/ bookshop.

Another tool made available to members is EarthDoc. EarthDoc is EAGE’s online and searchable geoscience database giving access to thousands of event papers and journal articles. The database currently contains well over 30,000 papers and is a source of information that is well respected by everyone active in the geoscience industry. The number of papers increases rapidly as new material is frequently added. Please, have a look at www.earthdoc.org and browse through our archives!

EAGE NEWSLETTER NORTH AFRICA MEDITERRANEAN

ISSUE-1 2011

Trivia answer C - Carthage lies in modern-day Tunisia.

Originally a Phoenician trading town, Carthage was captured and destroyed by the Romans in 146 BC. In 44 BC, Julius Caesar established a Roman city there, which rose to prominence as one of the three great ports of the Roman Mediterranean.

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TECHNICAL FEATURE

Integrating seismic and potential field data in hydrocarbon prospectivity assessment – Sicily

S

everal oil and gas/condensate accumulations have been discovered offshore north-eastern Tunisia. These discoveries are south-west of the volcanic island of Pantelleria, which is situated within the NW-SE trending Pantelleria Graben, in the Straits of Sicily. The last two years have seen renewed exploration efforts to the north-east of the graben. This included 600 km of 2D marine seismic data acquisition, with simultaneous potential field (i.e., gravity and magnetic) data, in 2009.

Some oil fields to the south-west of the graben are coincident with gravity highs relating to structural uplift. Recent exploration to the northeast of the graben originally targeted a similar gravity and structural high, initially identified from regional satellite gravity data.

By modelling marine gravity and magnetic data, integrated with interpretation of the seismic data, it has been possible to achieve a clearer understanding of the geological history of the area. This has made a significant contribution to the assessments of the area’s hydrocarbon prospectivity.

The geology of the offshore north-eastern Tunisia/Pantelleria area is characterized by a generally thin Pliocene section, overlaying a rel-

atively thick Mid to Upper Miocene clastic section. A significant unconformity separates the Miocene from a deeper, well-developed Triassic to Eocene sedimentary sequence above a dense basement (Fig. 1). The seismic data are well defined to the level of the Mid-Miocene unconformity (~1000 ms), which acts as an excellent and reasonably consistent reflector. Mapping at this level shows a significant structural high over the target region.

Two perpendicular survey lines were chosen for 2.5D modelling, with results for Line 1 (NW-SE) discussed (Fig. 2). The marine Bouguer Anomaly data may be filtered to emphasize features at various depths. Reduced To Pole (RTP) magnetic data takes the effects of magnetic latitude into account, positioning magnetic anomalies directly over the respective causative source.

The structural high was laterally limited to ±4500 m, to better approximate the body. The basement density and geometry were then adjusted to fit the measured gravity data. Once the gravity anomaly had been satisfied, the susceptibility of the basement and the volcano was adjusted to fit the measured magnetic data.

The final 2.5D model of Line 1 has revealed key structural and lithological information:

Figure 2. Line 1: Final depth model showing revised basement horizon, varied basement densities and susceptibilities,

weathered/altered

plug

cap

and

volcano.

• The high is interpreted as a large volcanic plug, due to an increased density and susceptibility relative to the surrounding basement.

• The plug is topped by a cap of relatively low density material, interpreted as a weathered/ altered zone at the top of the plug (possibly due to exposure).

• The well-defined volcano to the right of the line is confirmed by magnetic modelling. However, it requires low density material (2.1 g/cm3) to match the gravity signal, suggesting that the cone may comprise volcanic ash/tuff.

• A short wavelength, low amplitude magnetic anomaly is apparent and unaccounted for.

This is interpreted as an unconstrained shallow magnetic body in the Pliocene/Miocene.

The modelled line was consistent for a range of filtered data and was tied into the perpendicular Line 2, adding confidence to the interpreted parameters and the presence of the weathered/ altered plug cap.

Acknowledgement The authors would like to thank Northern Petroleum for giving permission to present this work.

S.J. Coomber (ARKeX), J. Field (Northern Petroleum) and D. Harrison (Northern Petroleum)

Figure 1. Line 1: Seismic data showing pre-modelling horizons. Model well constrained by seismic above pre-Miocene (less than ~1000 ms), with significant loss of signal within the structural high.

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(This is a summary version of extended abstract K006 presented at the 72nd EAGE Conference & Exhibition Incorporating SPE EUROPEC 2010, 14–17 June 2010 in Barcelona, Spain and can be found on www.earthdoc.org)

EAGE NEWSLETTER NORTH AFRICA MEDITERRANEAN

ISSUE-1 2011

EAGE UPDATE/INDUSTRY NEWS

Calendar of key EAGE events in your region March 2011

April 2011

May 2011

12-14 September 2011 EAGE • Near Surface 2011 Leicester, UK | www.eage.org

27-30 March 2011 EAGE • 3rd Passive Seismic Workshop

4-6 April 2011 EAGE/SPE • Joint Workshop 2011

Athens, Greece | www.eage.org

Istanbul, Turkey | www.eage.org

28-30 March 2011 EAGE • Libya 2011 5th North African Mediterranean Petroleum and Geosciences Conference & Exhibition

10-13 May 2011 EAGE • Xth International Conference on Geoinformatics: Theoretical and Applied Aspects Kyiv, Ukraine | www.eage.org

23-26 May 2011 EAGE • Vienna 2011 73rd EAGE Conference & Exhibition incorporating SPE EUROPEC

Tripoli, Libya | www.eage.org

November 2011 8-11 November 2011 EAGE • SES 2011 Sustainable Earth Sciences - Technologies for Sustainable Use of the Deep Sub-surface Valencia, Spain | www.eage.org

Vienna, Austria | www.eage.org

10-13 April 2011 EAGE • Naturally & Hydraulically Induced Fractured Reservoirs

September 2011

Nafplio, Greece | www.eage.org

12-14 April 2011 EAGE • IOR 2011

1-3 September 2011 EAGE/SEG • EAGE/SEG Research Workshop 2011

27-30 November 2011 EAGE • 3rd Arabian Plate Workshop

Cambridge, UK | www.eage.org

Trieste, Italy | www.eage.org

Kuwait City, Kuwait | www.eage.org

EAGE puts Greece on the map

S

even years after the EAGE Research Workshop in Greece, EAGE will revisit Greece this year for not one, but two much anticipated events on current hot topics in the industry. First up is the 3rd Passive Seismic Workshop with the theme ‘Actively Passive!’. This event will be held in Athens, Greece, on 27-30 March 2011. Exactly two weeks later, the workshop on ‘Naturally & Hydraulically Induced Fractured Reservoirs: From nanoDarcies to Darcies’ will be held on 10-14 April 2011 in Nafplio, Greece.

Keynote speakers at the EAGE’s 3rd Passive Seismic Workshop will be Dr James Rutledge of Los Alamos National Laboratory and Dr Steve Spottiswoode, South African-based consultant.

The focus of this workshop will be to gather operators, service providers, and academia to share how passive seismic technologies and techniques are being implemented to impact business objectives and contribute towards subsurface management solutions. The workshop aims to identify

successful cases of passive seismic applications as well as examples where challenges were faced and lessons were learned. The session headings are: Monitoring and Integration; Exploration; Mining and Geotechnical Applications; Modelling; and Geothermal & Hazards.

The workshop on ‘Naturally & Hydraulically Induced Fractured Reservoirs‘ is a highly topical event touching on one of the key technologies today in the E&P industry. The workshop is an excellent opportunity to highlight the multi-disciplinary aspects of fractured reservoir technology application and research. Truly, this work ranges throughout the fields of geology (surface and subsurface), geophysics (active and passive), engineering (reservoir and drilling/ stimulation/ completion), and geomechanics (drilling and simulation). Of particular current interest, are the newly developing techniques in mechanical characterization of fracture systems and the rocks that contain them, and learning from micro-seismic

EAGE NEWSLETTER NORTH AFRICA MEDITERRANEAN

ISSUE-1 2011

programmes measured during either stimulation or injection in fractured reservoirs.

Registration is now open for both events! For more information, see our website (www.eage.org)

Algerian licensing round to boost exploration Algeria plans to double its oil and gas exploration efforts within the next three years, according to Sonatrach Chief Executive Nourredine Cherouati at a presentation of a new licensing round for oil and gas acreage. Ten contract areas are on offer in the licensing round, with the winning bidders to be announced on 3 March. Some 80 companies are said to have been pre-qualified to bid.

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INDUSTRY NEWS

OMV buys Pioneer assets to expand E&P portfolio in Tunisia

A

ustrian energy company OMV is to buy the Tunisian oil and gas interests of Pioneer Natural Resources for an estimated $866 million, with the transaction expected to close in the first quarter of this year. The purchase of Pioneer’s Tunisian subsidiaries will significantly strengthen OMV’s position in Tunisia, which the company regards as a core region for its North African E&P operations.

OMV will acquire immediate production of approximately 5,700 boe/d of which 90% is attributable to oil and 10% to gas. According to the company, Pioneer’s Tunisian acreage offers considerable exploration upside and will complement OMV’s existing south Tunisian assets in Jenein Sud and Nawara.

Jaap Huijskes, OMV Executive Board Member responsible for E&P, said the acquisition would ensure a sustainable business in the years to come.

‘OMV is fully committed to unlocking the hydrocarbon resource potential in southern Tunisia together with its partners and to supplying gas to the domestic market. The acquisition is in line with the company’s strategy to

OMV E&P concession areas in Tunisia. Source: OMV.

achieve synergy effects with existing OMV assets and to pursue bolt-on acquisitions in E&P to enable future growth.’

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