Entreprise Tunisienne d'Activités Pétrolières

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Entreprise Tunisienne d'Activités Pétrolières (ETAP)
المؤسسة التونسـية للأنشـطة البترولـية
Company type
Natural Gas
Exploration & Production
Crude oil Trading
ServicesExploration and Production Services
TD 1646,069 million (2018)
Number of employees
691 (2009)
SubsidiariesJoint Gas
Société nationale de distribution du pétrole
Numhyd
Société tunisienne des lubrifiants
Websitewww.etap.com.tn

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.

Overview

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.

Activities

As of 2007, ETAP has granted a total of 44 exploration licenses to 42 international and domestic companies. Additionally, ETAP has been working in

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

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

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

  1. ^ PGS Geophysical AS 'Offshore Northern Tunisia' Archived 2006-11-05 at the Wayback Machine
  2. ^ World Energy Monthly Review[permanent dead link] Vol. 2 No. 12 December 2006
  3. ^ ETAP Annual Report 2005
  4. ^ ETAP To Exercise its 20 Percent Participation Option in The Oudna Field, Offshore Tunisia Archived 2022-12-11 at the Wayback Machine 20 March 2007

References

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