Project Profile
Location: Nabeul Permit
Estimated reserves: P50 Prospective Resources of 26 MMBO and 24 MMBO respectively
Start-up Year: -
The Nabeul Permit lies within a proven petroleum system. Of immediate interested are the Alpha and Gamma leads that are located in the western portion of the Permit. These leads are estimated to contain P50 Prospective Resources of 26 MMBO and 24 MMBO respectively. The reservoir for both leads is the highly prolific Birsa Sandstone, which is the proven reservoir in the nearby Tazerka, Birsa and Oudna fields. The Birsa Oil Field (15 MMBO P50 Contingent Resources, undeveloped) and Oudna Oil Field (10.3 MMBO, P50 expected ultimate recovery, developed) lie just to the west of the permit and are directly analogous to the Nabeul Permit leads.
Cooper Energy has identified a number of other leads scattered across the permit and these will be matured as part of the block work program. The plan for the permit is to acquire 3D offshore seismic in 2011 to high-grade the Alpha and Gamma leads into drillable prospects and, after a risk acceptable prospect has been selected and a rig located, drill the selected prospect as soon as possible after 2011.
The transfer of the asset from Capricorn to Cooper Energy is subject to the approval of the Tunisian Government, which the Company hopes will be forthcoming in a timely manner so that exploration in the permit can be progressed quickly.
Operators:
Cooper Energy: Operator with 85% interest (exited the JV 2016)
Dyas B.V.: 15% interest
Contractors:
CGGVeritas: 3D seismic survey