TUNISIA. Oil companies Cygam Energy and Madalena Ventures just announced preliminary results of tests on production of the deposit Remada South, south of Tunisia.
The discovery of light oil was evaluated by an independent engineering firm. It confirms the presence of a mature and efficient source of hydrocarbons associated with an additional chance of success, and several other prospects identified on the block, says the company.
Test equipment were installed to start the work of production test.
At present, the production well is 230 barrels per day. The oil is transported by truck to the oil terminal The Skhira.
The evaluation plan includes an ongoing study in 3D and tests for six months. This crucial phase will develop a development plan to be submitted to the Tunisian authorities in late 2009.
The concession Remada South is located in the Ghadames basin, near the Libyan border. Cygam holds 14% interest and 15% Madalena Ventures.
Source [EcoNostrum]
Via [Houeida on Twitter]
