The leading independent portfolio management consultancy specialising in Acquisition, Advisory & Divestment Services for the upstream international oil and gas community.

Offshore Tunisia
Mahdia Permit

Dunraven Resources plc (“Dunraven”) is offering a select group of companies the opportunity to acquire an interest in the highly attractive Mahdia Block, offshore Tunisia.

Key points:

  • Acquire up to a 50% interest in a large, highly prospective block, located in a region with a proven hydrocarbon system and multiple play-types;
  • The inferred oil discovery, EMD East, in 243 m of water with oil in the Oligocene Ketatna Formation having potential P50 recoverable resources of 63 MMbbls, with a P10 of 171MMbbls;
  • Participate in well EMD-2 to be drilled to a target depth of 1,762 m TVDss. Drilling costs are estimated as USD 17.7 million. In the success case, a full suite of logs will be run together with drill stem testing in order to ultimately progress the EMD East field to development. Testing costs are estimated as an additional USD 7.2 million for the primary Ketatna target;
  • Three additional prospects defined by 3D seismic data in the EMD area having a total of 88 MMbbls of potential mean recoverable resources;
  • Six leads outside the 3D seismic coverage area that may be progressed to drillable prospects via the acquisition of additional 3D seismic data.

Contact us for more details: Phone: + 44 (0) 20 7493 1977
                                             Email: info@stellarlimited.com

 

 

 
 
 
 
 
 
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