Entreprise Tunisienne d'Activités Pétrolières (ETAP) is a state-owned industrial and commercial company in Tunisia directly in charge of the petroleum sector as well as the state's partnerships with foreign exploration and production operators.
Entreprise Tunisienne d'Activités Pétrolières (ETAP) المؤسسة التونسـية للأنشـطة البترولـية
ETAP was created by law N°72-22 on 10 March 1972, to manage petroleum exploration and production activities on behalf of the Tunisian government. ETAP is primarily active in endeavors related to attracting international oil companies to provide financing for exploration projects, particularly in the country's smaller oil fields. To help achieve this objective, Tunisia introduced a new hydrocarbon law (Law 99/93) that includes incentives with favorable fiscal regulations and additional legal flexibility of licensing procedures and terms. The new law has been effective since August 20, 2000.[1] A provision for foreign corporations was a reduction in the tax rate from 75 to 50 percent, with ETAP taking a 40% share of the concession.
Activitiesedit
As of 2007, ETAP has granted a total of 44 exploration licenses to 42 international and domestic companies. Additionally, ETAP has been working in Syria with German-based Preussag to develop small oil fields and has signed an oil cooperation agreement with Iraq. In December 2004, the Syrian and Tunisian governments signed exploration agreements for areas in northeastern Syria. ETAP also has joint ventures with Sonatrach of Algeria and Libya's National Oil Corporation (NOC). The 50-50 joint venture with NOC, known as the Tunisian-Libyan Gas Transportation Company (Joint Gas), is the client of the Trans-Med gas pipeline, which will supply natural gas from the Libyan town Melitah to Gabes in southeast Tunisia.[2]
In April 2005, the Mabdallah Saad al-Thani Corporation of the United Arab Emirates announced a five-year exploration agreement with ETAP for the El Jem block, while U.S.-based Rigo Oil Company announced an exploration agreement for the Tozeur-Sud block. By the end of 2005, ETAP had issued 41 permits (26 onshore and 15 offshore), leading to an increase in total investment in petroleum exploration to US$135 million.[3] In February 2006, Tunisia awarded PetroCanada and Anadarko a two-year production sharing agreements (PSAs) with ETAP for the Cape Sirat and Bashtar blocks.
In February 2006, a 35-year-old exploration dispute between Tunisia and Malta was resolved. The two countries signed a joint development agreement of the continental shelf between Malta and Tunisia, which is located near the Tunisian Isis field and Libya's offshore Bouri field. On March 20, 2007, Lundin PetroleumAB announced that ETAP decided to exercise its participation option to acquire a 20% interest in the Oudna field, offshore Tunisia. Following ETAP's participation, Lundin Petroleum and Atlantis Holding Norway AS will each hold 40%. The Oudna field development was successfully completed and production commenced in November 2006 and is now producing over 20,000 bbl/d (3,200 m3/d). Average production for 2007 is estimated to be 14,000 bbl/d (2,200 m3/d).[4]
Notesedit
^PGS Geophysical AS 'Offshore Northern Tunisia' 2006-11-05 at the Wayback Machine
entreprise, tunisienne, activités, pétrolières, etap, state, owned, industrial, commercial, company, tunisia, directly, charge, petroleum, sector, well, state, partnerships, with, foreign, exploration, production, operators, etap, المؤسسة, التونسـية, للأنشـطة,. Entreprise Tunisienne d Activites Petrolieres ETAP is a state owned industrial and commercial company in Tunisia directly in charge of the petroleum sector as well as the state s partnerships with foreign exploration and production operators Entreprise Tunisienne d Activites Petrolieres ETAP المؤسسة التونسـية للأنشـطة البترولـيةTypeState owned CorporationIndustryHydrocarbonsFounded10 March 1972HeadquartersTunis Tunisia TunisiaKey peopleTaieb El Kamel Chairman Ben Abdallah Minister of Industry ProductsPetroleumNatural GasExploration amp ProductionCrude oil TradingServicesExploration and Production ServicesNet incomeTD 1646 069 million 2018 Number of employees691 2009 SubsidiariesJoint GasSociete nationale de distribution du petroleNumhydSociete tunisienne des lubrifiantsWebsitewww etap com tn Contents 1 Overview 2 Activities 3 Notes 4 ReferencesOverview editETAP was created by law N 72 22 on 10 March 1972 to manage petroleum exploration and production activities on behalf of the Tunisian government ETAP is primarily active in endeavors related to attracting international oil companies to provide financing for exploration projects particularly in the country s smaller oil fields To help achieve this objective Tunisia introduced a new hydrocarbon law Law 99 93 that includes incentives with favorable fiscal regulations and additional legal flexibility of licensing procedures and terms The new law has been effective since August 20 2000 1 A provision for foreign corporations was a reduction in the tax rate from 75 to 50 percent with ETAP taking a 40 share of the concession Activities editAs of 2007 ETAP has granted a total of 44 exploration licenses to 42 international and domestic companies Additionally ETAP has been working in Syria with German based Preussag to develop small oil fields and has signed an oil cooperation agreement with Iraq In December 2004 the Syrian and Tunisian governments signed exploration agreements for areas in northeastern Syria ETAP also has joint ventures with Sonatrach of Algeria and Libya s National Oil Corporation NOC The 50 50 joint venture with NOC known as the Tunisian Libyan Gas Transportation Company Joint Gas is the client of the Trans Med gas pipeline which will supply natural gas from the Libyan town Melitah to Gabes in southeast Tunisia 2 In April 2005 the Mabdallah Saad al Thani Corporation of the United Arab Emirates announced a five year exploration agreement with ETAP for the El Jem block while U S based Rigo Oil Company announced an exploration agreement for the Tozeur Sud block By the end of 2005 ETAP had issued 41 permits 26 onshore and 15 offshore leading to an increase in total investment in petroleum exploration to US 135 million 3 In February 2006 Tunisia awarded PetroCanada and Anadarko a two year production sharing agreements PSAs with ETAP for the Cape Sirat and Bashtar blocks In February 2006 a 35 year old exploration dispute between Tunisia and Malta was resolved The two countries signed a joint development agreement of the continental shelf between Malta and Tunisia which is located near the Tunisian Isis field and Libya s offshore Bouri field On March 20 2007 Lundin Petroleum AB announced that ETAP decided to exercise its participation option to acquire a 20 interest in the Oudna field offshore Tunisia Following ETAP s participation Lundin Petroleum and Atlantis Holding Norway AS will each hold 40 The Oudna field development was successfully completed and production commenced in November 2006 and is now producing over 20 000 bbl d 3 200 m3 d Average production for 2007 is estimated to be 14 000 bbl d 2 200 m3 d 4 Notes edit PGS Geophysical AS Offshore Northern Tunisia Archived 2006 11 05 at the Wayback Machine World Energy Monthly Review permanent dead link Vol 2 No 12 December 2006 ETAP Annual Report 2005 ETAP To Exercise its 20 Percent Participation Option in The Oudna Field Offshore Tunisia 20 March 2007References editEnergy Information Administration 2007 Tunisia Country Analysis Brief ETAP Annual Report 2007 P Mobbs 2002 Mineral Industry of Algeria Thomas S Ahlbrandt 2001 Sirte Basin Province Sirte Zelten Total Petroleum System U S Geological Survey Sonatrach official site in French Project GALSI in French Naftal nbsp Africa portal nbsp Energy portal Retrieved from https en wikipedia org w index php title Entreprise Tunisienne d 27Activites Petrolieres amp oldid 1184385917, wikipedia, wiki, book, books, library,
