document: As of June 2018, Join Oil is looking for a partner to develop the Zarat field which straddles two offshore blocks at the Tunisia-Libya border. One block is the Zarat exploration license formerly operated by PA Resources, now belonging 100% to Tunisian state company ETAP. The other block is the Joint Oil exploration block, formerly operated by Sonde Resources, now belonging 100% to Joint Oil, a joint venture between ETAP and the National Oil Corporation of Libya. Consultancy BeicipFranlab was mandated by Joint Oil to market the Zarat opportunity and maintains a physical data room in its premises at Rueil-Malmaison near Paris. More information is on the website jointoilblock-zarat.com.  In July 2015, PA Resources announced that it submitted a plan of development for the Zarat field, shallow waters of the Pelagian Basin, eastern offshore, to the Tunisian authorities.  The field was to be developed in two phases. Phase one included four production wells and facilities to process 20,000 b/d of oil and 10 MMcf/d of gas. Phase two included another four development wells and expanded facilities to process 40,000 b/d of oil and 200 MMcf/d of gas. A final investment decision was expected in 2017 and first oil in 2020. The Zarat field has P+P recoverable reserves ranging from 114 to 147 MMb oil equivalent depending on the estimates. Half of the reserves are liquids and half is gas. The Zarat field development can serve as a hub to develop other stranded resources in the vicinity such as the Elyssa gas/condensate field located in the Zarat block.  The Zarat discovery holds 60% of inert gas. On 12 June 2012, the Tunisian Government, through its Direction Generale de lâEnergie (DGE), announced an initiative for offshore oil & gas operators to study options of the sequestration of CO2 and other inert and acid gas.  The faulted anticline Zarat discovery was made by Marathon Petroleum Zarat Ltd in June 1992. The pay zone is the Lower Eocene El Gueria limestones below 2,630m, and is reported to be 25m of oil and 65m of gas and condensate. The discovery well was tested over two intervals. In 2011, appraisal well Zarat Nord 1, located 2km northeast of the Zarat 1 discovery well and 3km northeast of the Zarat 2 appraisal well, confirmed the extension of the previously proven Zarat accumulation. Zarat is located on the nummulite bar which produces at Ashtart and Bouri, about mid-way between these two fields.
summary: Tunisia, Zarat Field