Tunisia discovers new oil deposit at El Borma oil field

A new gas and oil deposit was recently discovered at El Borma's oil field. It is estimated to have a capacity of some 10,000 bpd.
The number is likely to double following completion of works currently underway. This new discovery has required investments worth 20 mm dinars.

According to 2007 figures, Tunisia's oil production reached 6,7 mm tpy. In 2004 it represented 3,4 mm tons. This increase is due to the finding of oil reserves in the south of the country, as well as offshore.
Even if the country's oil production has increased, it remains below domestic consumption. In 2005 domestic consumption reached 53,7 mm barrels as opposed to a production of some 50 mm barrels. However the new finding in addition to other projected ones, is likely to help bring down the deficit generated by oil imports.

Tunisia's south ensures most of the country's production. In 2005, the region of Ghedames produced a number of small deposits such as those of "Dalia", "Nour", "Hawa" and "Adam" which totalleda production of some 70,000 bpd.
In 2006, the offshore site dubbed "Oudna" started production. According to the online economic news website "webmanagercenter", it should reach a cruising speed of 15,000 bpd. "Oudna" which necessitated investments worth $ 130 mm, was attributed respectively to "Lundin", a Swedish company and the Chinese "Atantis". It is the country's 7th operational offshore site.

This year the Ministry of industry, energy and small and medium enterprises has decided to increase the number of prospecting (57) and oil drilling (15) permits.
Plans are also afoot to build a second oil refinery at Skhira in partnership with a Qatar-based company.