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El Bibane

Sector: Water Supply and Storage • Location: Zarzis, Tunisia

Source: Financial Conduct Authority (FCA)

AssetPrivate

El Bibane is an offshore oil and gas concession located 16 km from Zarzis port in the Gulf of Gabes, Tunisia, covering 228 sq km in 7-8 m water depth. Discovered in 1982, developed in 1998 with peak production of 4,500 bopd. It has three active wells producing oil, condensate, and natural gas. Remaining reserves include 25.7 MMSTBO and 6.5 BCF gas. Zenith acquired 100% interest for a nominal US$10

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The project “El Bibane” is an infrastructure initiative in the Water Supply and Storage sector, located in Zarzis, Tunisia. Taiyo aggregates data on it from Financial Conduct Authority (FCA).

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Description

Description

El Bibane is an offshore oil and gas concession located 16 km from Zarzis port in the Gulf of Gabes, Tunisia, covering 228 sq km in 7-8 m water depth. Discovered in 1982, developed in 1998 with peak production of 4,500 bopd. It has three active wells producing oil, condensate, and natural gas. Remaining reserves include 25.7 MMSTBO and 6.5 BCF gas. Zenith acquired 100% interest for a nominal US$100 plus assumption of approx. US$200,000 debt. Well intervention estimated at US$3.5 million to restore production. Concession expires Dec 31, 2033.

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