Zenith Energy Ltd., an international independent oil & gas company with production, exploration, and development assets in Africa and Italy has announced that it is preparing to begin an oil well (Robbana-3 vertical infill well) drilling program on its newly acquired Robbana concession on the Tunisian coast.
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The work, which will be carried out in about 60 days on a total budget of approximately US$ 1.5M, is expected to reach a depth of approximately 2,400 meters. It will target two proven hydrocarbon reservoirs in the Late Cretaceous sandstone formation of Meloussi from which the ROB-1 well was successfully exploited for many years.
“We are very delighted to start our operational trip to the North African country with the drilling of the new well in our newly acquired assets in which we gradually plan to make investments in a bid to increase production in a very favorable context of high oil prices,” commented Andrea Cattaneo, the Chief Executive Officer of Zenith.
Upon completion, Robbana-3 will produce around 100-150 barrels of oil per day.
Acquisition of the Robbana concession
At the beginning of Q2 2021, Zenith Energy announced that it had acquired the Robbana concession that covers an area of 48 km2 on the island of Djerba, in the Gulf of Gabès.
This, according to the company, was made possible owing to a conditional sale and purchase agreement (SPA) between Compagnie du Desert, a subsidiary of Zenith, and Candax Energy Inc., an international energy company involved in the exploration for, and the acquisition, development, and production of, natural gas and crude oil.
The latter was the previous owner of the Robbana concession (the operation permit of which expires in 2034) as well as the El Bibane concession which was also acquired by Zenith within the same time frame.
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