Project Profile
Value: US$430 million
Location: Gulf of Hammamet
Start-up Year: 2013
Water Depth: 164-197 ft/ 50-60 m
Estimated Reserves: 200 million barrels of oil
The Hammamet West oil field is situated in the Bargou Exploration Permit in the Gulf of Hammemet, Tunisia in a water depth of 164 to 197 feet (50 to 60 metres). Cooper Energy serves as the operator and holds a 30%% interest in the fiel; Dragon Oil holds 55%; and Jacka Resources holds the remaining 15% interest.
Hammamet West was found by exploration well Hammamet West-1, discovering 23 feet (7 metres) of oil in the Birsa sandstone formation. Three decades later, the field was revisited and appraised, discovering a further 630 feet (192 metres) of oil in the deeper Abiod carbonate formation. In 2005, Cooper Energy acquired 100% interest of the permit and began considering options on how to best develop the field. Currently, new 3D seismic is needed to effectively appraise the oil field. The operator is considering awarding a contract to CGGVeritas for a 43,243-acre (175 square kilometre) high-resolution 3D seismic survey. once the data is reviewed, Cooper plans to drill a Hammamet West-3 appraisal well.
Several field development options are being considered with the help of WorleyParsons, which was contracted to help develop the field. One option being considered is to develop the field by a small-unmanned platform to export oil and gas to an onshore plant by a pipeline.
The oil field is estimated to hold more than 200 million barrels of oil.
Operator:
Cooper Energy: Operator with 30% interest
Dragon Oil: 55% interest
Jacka Resources: 15% interest
Contractors:
AGR: Well management contract
WorleyParsons: Help develop the field
CGGVeritas: 3D Seismic survey
Grup Servicii Petroliere SA (GSP): rig contract for the jack-up rig \"GPS Jupiter\" to drill the Hammamet West-3 well