Production

Zenith Energy plans to double oil production in Ezzaouia — Energy Comment

By Jaime Llinares Taboada


Zenith Energy Ltd. said on Monday it plans to double oil production from its Ezzaouia concession in Tunisia after the completion of two secondary wells. Here’s what the London-listed energy company had to say:


On current production:


“The Ezzaouia concession is producing approximately 500 barrels of oil per day (“BOPD”) and 18 MSCF of natural gas at a steady rate.”


“The company is currently generating record revenue generation and profitability across its portfolio, and we intend to further increase our revenue generation by successfully maximizing our production levels in the current very favorable environment. oil prices.”


At the borehole:


“The company is currently consulting with its partner, Entreprise Tunisienne d’Activités Pétrolières (“ETAP”), having decided to carry out diversions in two non-producing wells on a “back-to-back” basis in order to maximize cost control.


“Zenith expects to achieve a gross production rate of 1,000 BOPD from the Ezzaouia concession following the completion of the two deviations.”


“The Company has finalized plans to drill Robbana-3 (“ROB-3″) in the Robbana Concession, a new well that will reach an aggregate target depth of approximately 2,500 meters, after designating a different location than previously considered. following a thorough geological and reservoir examination.”


Write to Jaime Llinares Taboada at [email protected]; @JaimeLlinaresT