Project description TOPIC, S.A. (TOPIC or the company) is a small Tunisian oil and gas exploration and production (E&P) company, with interest in three oil and gas blocks in Tunisia:
- 100% interest in the offshore Halk el Menzel (HelM) concession block;
- 15% interest in the onshore Jelma exploration block; and
- 50% interest in the onshore Douleb West prospecting block.
The company is not currently producing from any of its blocks.
IFC has been requested to provide a financing package to the company to partially fund TOPIC’s 2008-2011 investment program, which includes:
- the development of an oil discovery in HelM;
- acquisition of seismic data and drilling of exploration wells at HelM and TOPIC’s other blocks; and
- further business development activities.