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Six new Oil & Gas exploration licenses

These six permits are distributed Offshore and Onshore, among the northern, central and southern regions of Tunisia. (permits: Hezoua, Weha, Teskraya, Kef Abed, Metline and Saouaf). The estimated initial investment for the duration of these exploration licenses is around $ 13 million. In the event of a transformation into research permits, an additional investment that could reach a total of $ 131.5 million would be expected.

The Tunisian Minister of Industry and Small and Medium Enterprises (SMEs) Mr. Slim Feriani proceeded, Friday, June 28, 2019 to the signature of conventions relating to the grant of six new oil and gas prospecting Licenses allocated jointly with ETAP. The event was held in the presence of the CEO of ETAP Mr. Mohamed Ali Khelil, and representatives of the three companies, Hunt Overseas Oil (USA), Upland Ressources Ltd (Britain) and Panoceanic Energy Ltd (Norway).

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LATEST NEWS

Constitution of a powergeneration company (SEREE)

ETAP and ENI International Bv have just signed a minutes of constitution of a renewable electricity generation company (SEREE) whose capital is held equally between ETAP and ENI Bv. The constitutive meeting was held on April 10, 2019 in the presence of Mrs. Mohamed Ali Khélil and Guiseppe Moscato, respectively CEO of ETAP and CEO of ENI Bv. ETAP has chosen to join its strategic partner ENI in order to diversify its sources of energy production and to be in tune with international operators. The project will be installed in the region of Tataouine and will spread over an area of 20 hectares. The operating life of this project is 20 years for a total investment of approximately 10 million US dollars. The construction contract will be signed in the coming days with a Tunisian company. The project will be piloted by a committee formed by a joint ETAP-ENI team .

ETAP and Mazarine Energy B.V. discover oil in Sidi Marzoug-1(SMG-1) well in Zaafrane Permit in Central Tunisia onshore. 3rd May 2019.

ETAP (Entreprise Tunisienne d’Activités Pétrolières) and Mazarine Energy Tunisia B.V. a subsidiary of Mazarine Energy B.V. (“Mazarine” or “the Company”) are pleased to announce the discovered oil-bearing reservoir in exploration well Sidi Marzoug-1 (‘SMG-1’) in the 4012 km2 Zaafrane licenses in Central Tunisia.During a production test, SMG-1 well flowed, constrained by surface facilities, at a rate of over 2,000 barrels of oil per day and 57,1 million cubic feet of natural gas per day. SGM-1 with a total depth of 3880m is the third discovery in this license after CAT-1 and DGH-1 in 2015 by Mazarine Energy BV, in Tunisia.

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There are two ways to grant a license, either by directly submitting an offer to the DGH or trough a data room before the submission of the offer. * The DGH and ETAP evaluate the financial and technical offers. The offer will be forwarded to the CCH (Consultative Committee of Hydrocarbons) that has 4 meetings per year to evaluate the offers ( 31 of January, 30 ofApril,31 of July & 31 of October) .

* In case of approval of the agreement by the CCH, the parliament ratify the contract Bidder State.

* The contract and associated documents should be published in the Journal officiel as a decree.

Central Exploration Direction (DCEX) : Ouahchi Abderrahmane [email protected] Exploration& Studies Direction (DEE) : Ouahchi Abderrahmane [email protected] Exploration Direction (DEX) : Ben Boubaker Kamel [email protected] Petroleum Servicing Direction(DSP): Amel Boukadi [email protected] Central Production Direction (DCP) : Rached ElHechmi [email protected] Operating &production Direction (DEPD): Nairi Mongi [email protected] Operating &production Direction (DOP): Soumaya Alouane [email protected] Promotion& Marketing Division (SDEE) [email protected] Linkedin etap : www.linkedin.com/company /etaptunisia

ETAP provides data room for visiting companies. The access to data room is free of charge, and visitors benefit from ETAP’s expertise.

First, the company sends a request to the CEO of ETAP with the selected blocks, an information sheet fill formed and the 03 latest annual and financial reports; After the technical and financial evaluation, ETAP contacts the company to schedule the visit and the duration of the DR

Work stations with all data of the requested blocks will be available ( seismic, wells, reports, regional studies…) in ETAP

At the end of the mission, the company can ask for a package of data. (limited)

Block Acquisition Process

Data Room Access Process

Contacts

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LATEST NEWS





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2

Drilled Wells

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Nb. de Puits d'exploration NExplora on Well

Discovery Well

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1 Jebel El Kebir (KB-2)

Nord des cho s ETAP 1956 F2b & Serdj Gas shows in the F2b

2 Sidi Marzoug(SMG-1) Zaafrane Mazarine

energy 3880

Ordovician(El hamra & El Atchane);

TAGI ( objec ve)

MDT : TAGI mineralizedHydrocarbures + Ordovician(Atchane & Hamra) TEST in

progress

3TARFA #4

(TFA-4) Tarfa Perenco 2435 TAGI first objec veSecond Permian reef

Test Permian /TAGI

In progress

Years N ° Wells Licenses /concessions

O perator TD O bjec ves Results

Exploration & Discoveries Wells

1014

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23482791

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2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

2D (km) 3D (Km2)

Seismic Activities

Seismic Acquisition 2010-2019Permit Operator Contractor Onshore/Offshore Km2 Date

Start/End Km Date

BIR BEN TARTAR MEDCO CGG Onshore 100 01/04/2018

30/05/2018 50 01/04/2018 30/05/2018

JENEIN CENTRE MEDCO CGG Onshore 260 26/02/2018 17/04/2018 --------

SUD REMADA MEDCO CGG Onshore 34901/06/2018 30/07/2018 348

01/04/2018 30/05/2018

Permit Operator Contractor Onshore/Offshore Km2 Date Start/End Km Date


30/05/2018 50 01/04/2018 30/05/2018



01/04/2018 30/05/2018

3D seismic data 2D seismic data

Current licenses : 21 Requested licenses : 8Data Room:7

Licenses Number and Requested Blocks

52 51 4945

3731

2623 21

21

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

2 6 1 1 0 0 0 2 2 8

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Total licenses

Awarded licenses

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Forecast vs Achievement Production Achievement 2017-2018 Forecast 2019

Oil & Gas Infrastructures

Drilling/Workover/Rigless Activities Rigs Activities

2017 2018 2019

Oil (bbl) 10 958 582 10 932 192 12 961 634

Gas (boe) 8 710 547 8 636 743 10 077 942

GPL(bbl) 1 602 443 1 446042 1 216 280

Total (boe) 21 271 571 21 014 976 24 255 856

- 09 Wells to be drilled in 2019 Versus Two drilled Wells in 2017 - Increase of Workover operations in 2019

Gas Transport

5 Ports

Refined Product (Sotrapil)

70 Km from Bizerte to Rades

Oil (Trapsa):

Ain Amenas –Skhira :

775km (553Km on tunisia Territory)

24”/10M Mm3 Capacity

Douled-Skhira/Sidi Litayem-

Skhira/Sidi Kilani Skhira :

170/80/125Km.

Borma-Gabes : 2 pipes of 300 Km

10” and 6”

Franig-Gabes: 70 km of pipeline 10”

Franig-CPF: 114 Km of pipeline 10”

Baguel-PK 74: 36 Km of pipeline 6”

Miskar/Sfax (off shore): 2 pipes of

120Km 24” and 18”.

Hasdrubal /Sfax ( Off shore)

Nawara (2018): 370 Km of 24” pipe

with 10MMNm3/d

PROMOTIONNAL PROGRAM PRODUCTION ACTIVITY

ETAP organized the 14th Tunisian Petroleum Exploration and Production Confe-rence in Tunis / Hotel Mouradi, Gammarth from 22 through 24 October 2018. The theme of the Conference was "Effective Upstream: Opportunities and Challenges" which included 03 day technical sessions, 04 workshops and exhibits followed by 2 field trips.

The post-conference field trips from 25th October through 27th, 2018 focused on: Unconventional potential of Cretaceous and Eocene Source Rocks in Central and Northern Tunisia and on to the Hydrocarbon Exploration Challenges in Grabens and Triassic Salt Diapirs Tunisia Central Atlas Success guidelines .

The EPC 2018 Technical Exhibition were relatedto the Petroleum Services, Exploration and Production Activities

More than 900 participants representing the oil & gas industry in Tunisia and 196 papers were selected for oral and poster presentations by International Petroleum Companies, Service Companies, Consultants and Universities.

THE 14 th EXPLORATION & PRODUCTION CONFERENCE -EPC

Exhibition & Conferences

ETAP promotional program :

2018 : 06 conferencesNAPE : 05-09 February , Houston USA,EGYPT PETROLEUM SHOW : 12-14 May, Cairo, EGYPTNAPEC : 25-28 March, Oran, ALGERIA, GEOCONVENTION : 07-11 May, Calgary, CANADA,EPC : 22-24 October, Tunis TUNISIA,TOGS : 06-08 December, Hammamet, TUNISIA,

2019 : 06 conferencesNAPEC : 10-13 March, Oran, ALGERIA,PETROSERV : 23-26 April, Sfax, TUNISIAAAPG : 19-22 May, San Antonio, USA,EAGE :03-06 June, London UK,GPS : 11-13 June, Calgary, CANADA,TOGS : 26-28 September, Hammamet, TUNISIA,

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Prospecting Authorization

Exploration Permit

Production License

1 Year Non Exclusive for non explored or under explored areas

Up to 30 years for development and production

Development Plan approved by the Granting Authority

Specific fiscal terms: Royalty, Income TAX

Long Term Production Test authorization can be granted under agreed terms (duration, testing program…)

2 Years with possibility extension for 12 months maximum

Exclusive, Priority right for conversion into Exploration PermitCommitment: Geological studies

Commitment: Geophysical works (seismic acquisition )

Prospecting Permit

Open Door PolicyOffered Contracts Concession Or PSC

Initial period up to 5 years maximum

Renewal right (2 periods up to each 3 years ): with relinquichement system

Area extension possibility(up to 50%of initial granted acreage)

Validity extension possibility (up to 2 yaers for each period)

Commitment

- Initial PeriodG&G Data acquisition, processing and interpretation, for a competitive number of Km or square KmDrill ing of a competitive number of exploration wells - Renewal PeriodsMinimum of one exploraion well(s)

If Commercial Discovery

HOW TO EXPLORE

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2017 2018 2019

Oil (bbl) 10 958 582 10 932 192 12 961 634

Gas (boe) 8 710 547 8 636 743 10 077 942

GPL(bbl) 1 602 443 1 446042 1 216 280

Total (boe) 21 271 571 21 014 976 24 255 856


Gas Transport

5 Ports



Oil (Trapsa):






170/80/125Km.


10” and 6”





120Km 24” and 18”.



with 10MMNm3/d











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ETAP PROJECTS

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Renewable Energy ProjectsStrategies & Challenges, Toward Green Fields Energy ...

Technology: PVRegime: AuthorizationSite: TataouineApproval date: 27 April 2018Capacity: 10 MW Start up: December 2019Budget: 11 MUS$

Technology: PVRegime: ConcessionCapacity: 500 MWStage: Negotiation with pre-qualified companiesPossible start-up 2021 according to Regime Concession

Green Field Project Tataouine Field Project

The ADAM PV project is situated in theTataouine governorate, at the ADAM Oilconcession and has a peak capacity of5MW. The energy produced will be usedon-site, reducing gas consumption andavoiding around 6,500 t/year of CO2equivalent emissions.The solar plant is expected to be completedby the end of 2019 and is part of thecooperation agreement with ENI.

EL BORMA Brown Field Project

ADAM Brown Field Project

Technology: CSPStage: StudiesSite: EL BORMA concessionHybrid System: Gas Turbine and CSPShareholders: SITEP/ENICapacity: 5 MW

Brown Field Projects

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RSE & HSE PROJECTS ETAP PROJECTS

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Water treatment used on production and cultivation of micro-algae for the biodiesel production Oil activity generates considerable amounts of water. This groundwater is very saline and contain a high concentration of heavy metals that pose a danger for environment. The management of these waters is expensive and ETAP has long sought to find solutions for the rational management of these waters. A research contract between ETAP and TBC has been concluded to validate and implement a solution.The project has two objectives:- Research studies on the development of a process for the production water treatment from oil sites and the development of a method for recovering obtained by-products.- Research studies on the development of a microalgae cultivation process for the biodiesel production using water production from oil sites and from the available CO2 flow.

HSE Monitoring and Supervision of Drilling KB- 2During this project, the HSE team perform all preparation works to supervise the drilling of the KB # 2 exploration well on the North-Chotts license.

Treatment of drilling mudFollowing the abandonment of the KB#2 well, and in accordance with the environmental impact study, an action to treat the drilling muds and rehabilitate the site was initiated. Contaminated drilling muds have been stored in sealed sloughs to preserve environment.

H S E

As part of its corporate social responsibility, ETAP participated in actions for a total amount of 180,000 dinars.

An excursion was organized to Sousse on 21 and 22 March 2018 to Oueld Hamed school in Feriana, during which 189 schoolchildren benefited of cultural and educational programs. They were accompanied by their teachers and their director.

During this excursion the ETAP’s team, and in coordination with the General Management, a promise was kept for the students to organize a reception in honor of two best students from each class.

Kasserine CSR

Water treatment Project

KB-2 Project

Delivery and Monitoring of HSE Projects

TATAOUINE PROJECT

NAWARA PROJECT

.

Pipeline layout

TATAOUINE BRANCH LINE

GAS TREATMENT PLANT (GTP-T)

LPG BOTTLING PLANT

The TATAOUINE Gas Project (TGP) is developed by ETAP. It is intended

to recover associated and non-associated gas reserves from existing

concessions/permits in Southern Tunisia.

Through this project, ETAP planned to treat and product the Commercial

Gas, LPG, wild Pentane and condensates.

Area: From Nawara pipeline (KP 228) GTP-T at TataouineTransported Product: Pre-treated GasPipeline: 94 km, 12 in diameter with two Line Valve StationsTie-in point: Gas fiscal metering

Area: TataouineMain Products: Commercial Gas, Propane, Butane & Condensate

Treatment capacity: 0.6 MMSm3/d

Area: Tataouine, next to Gas treatment PlantMain Product: Domestic LPG bottles for regional distributionProduction capacity: 600 bottles/h extendable to 1200 bottles/h

TGP Pipeline

Nawara Pipeline

Pipeline layout

1/ A pre-treatment unit at Nawara (CPF) with capacity of

2.7MMm3 / Day and 7000 barrels of condensate/Day

2/ A gas pipeline (PPL) for the export of pretreated gas with

24" diameter and 370 km long from Nawara to GTP Gabes

and with a maximum capacity of 10MMm3/day

3/ A gas treatment unit in Gabes (GTP) to produce:

* 2.37 to 2.44 Mmm3 / Day of commercial Gas;

* 120 to 210 t / Day of Propane ;

* 70 to 120 t / Day of Butane;

* 45 to 50 t / Day of Condensate.

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HSE PROJECTS

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As part of strengthening cooperation, coordination and mutual assistance within the oil and gas sector in Tunisia and in terms of the protection of the marine environment from accidental hydrocarbon pollution, concerned compa-nies have expressed interest in implementing a Level 2 Marine Pollution Mutual Assistance Agreement (MoU).

The MoU is intended to enhance cooperation, coordination and information exchange on the control of oil spills in the marine environment.

For this purpose, ETAP as a partner in several concessions, and MOIG were the coordinators in order to lead this protocol. MOIG, appointed by ETAP as coordinator of this action, organized a workshop with representatives of the oil companies to prepare the draft mutual assistance agreement protocol.

Tataouine Gas Project

Memorandum of Understanding for Mutual Assistance in Marine Pollution « Level 2 »

As part of the monitoring of the Tataouine Gas project, the HSE department was involved since 2018 in the following actions:

- Revision of HSE documents (pipeline HSE, HSE philosophy of the GTP-T station)

- Supervision of the unloading of the two batches of pipes at the port of Gabes

- Regular visits for the follow-up of the HSE action plan

- Communication and coordination with the HSE Representative of the pipe laying contractor.

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H S E




Kasserine CSR


KB-2 Project


TATAOUINE PROJECT

NAWARA PROJECT

.

Pipeline layout



LPG BOTTLING PLANT










TGP Pipeline

Nawara Pipeline

Pipeline layout











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PETROLEUM SERVICES

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LABORATORIES

PETROLEUM DATABASE

E & P Data and Processes Standardization A project that aims to set standards for the Exploration and Production data throughout applying the appropriate naming conventions, units of measurement and reference data. Applying the adequate industry standards will not be only reserved to data, but also to the processes and workflows that govern how data flows in and out of the company. The standardization project will boost ETAP’s reputational credit and increase the trust in the quality of our data.

ETAP Laboratories provide analyses and studies for national and interna-tional companies and institutions in different fields such as: petroleum fluids, inorganic geochemistry and environment, organic geochemistry and petrography, sedimentology, petrophysics and biostratigraphy. Multi-disciplinary and highly qualified team supply new data and advanced interpretations.

In 2018, to enhance the laboratories technical capabilities, in order to better meet the clients demand, new equipments are acquired: Certified bottles for gas sampling, ion and gas chromatography systems, Scanning Electron Microscope with analyzer, microscope with transmitted and reflected light, Dean Stark Apparatus for rock saturation measurements and others.

Seismic Transcription and Scanning of Technical DocumentsA mega project that has started in Feb 2018, and consists of the scanning of the paper technical documents and the transcription of the seismic data into more recent formats. It is expected to enrich the digital database and provide the users with technical data in easily exploitable and accessible forms and formats. The conversion of paper documents into digital formats and making them available to the end users through a web-based interface would alleviate the efforts of the Database teams spent in data orders preparation.

The transcription of the seismic data into more recent forms and formats will let the users benefit from legacy data from seismic surveys, which in turn will bring an immeasurable value to the understanding of the subsurface.

Project Progress Rates: Transcription: 95.6%

Scanning: 95.3%

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LABORATORIES

PETROLEUM DATABASE

E & P Data and Processes Standardization A project that aims to set standards for the Exploration and Production data throughout applying the appropriate naming conventions, units of measurement and reference data. Applying the adequate industry standards will not be only reserved to data, but also to the processes and workflows that govern how data flows in and out of the company. The standardization project will boost ETAP’s reputational credit and increase the trust in the quality of our data.

ETAP Laboratories provide analyses and studies for national and interna-tional companies and institutions in different fields such as: petroleum fluids, inorganic geochemistry and environment, organic geochemistry and petrography, sedimentology, petrophysics and biostratigraphy. Multi-disciplinary and highly qualified team supply new data and advanced interpretations.

In 2018, to enhance the laboratories technical capabilities, in order to better meet the clients demand, new equipments are acquired: Certified bottles for gas sampling, ion and gas chromatography systems, Scanning Electron Microscope with analyzer, microscope with transmitted and reflected light, Dean Stark Apparatus for rock saturation measurements and others.

Seismic Transcription and Scanning of Technical DocumentsA mega project that has started in Feb 2018, and consists of the scanning of the paper technical documents and the transcription of the seismic data into more recent formats. It is expected to enrich the digital database and provide the users with technical data in easily exploitable and accessible forms and formats. The conversion of paper documents into digital formats and making them available to the end users through a web-based interface would alleviate the efforts of the Database teams spent in data orders preparation.

The transcription of the seismic data into more recent forms and formats will let the users benefit from legacy data from seismic surveys, which in turn will bring an immeasurable value to the understanding of the subsurface.

Project Progress Rates: Transcription: 95.6%

Scanning: 95.3%

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RSE & HSE PROJECTS

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The Kebili CSR program is a program to support both the development and the social initiatives in Kebili Governo-rate. The charter was signed on April 07, 2016 between ETAP, MAZARINE, PERENCO and WINSTAR, SERINUS to ensure greater synergy and greater effectiveness in social responsibility initiatives.

-A list of 06 primary schools was selected in the delegations of Douz and Faouar for the establishment of new preparatory classes and the upgrading of the sanitary units.

- Procurement of a mini-bus to benefit the Regional Education Directorate of Kebili dedicated to cultural and leisure activities. - Planning the installation of a grassed area at the 02 Mars primary school to support sport activity.

ETAP is specifically concerned about the importance of the Corporate Social Responsibility CSR as an essential governance tool, and it is already engaged in many CSR programs, mainly in the regions of Tataouine, Kebili and Kasserine.

Corporate Social Responsibility at the heart of ETAP’s Strategy

Tataouine CSR

Kebili CSR

R S E

The Tataouine CSR program is a program to support both the development and the social initiatives in Tataouine Governorate, launched in June 2015, and a charter has been signed on May 6, 2015, between the Ministry of Supervision, ETAP, and the partners ENI, MEDCO and OMV.

The 12th caravan took place on October 06, 2018. The medical specialists examined 160 patients in Dermatology, 170 in ENT and 70 in Psychiatry.

The 13th caravan took place on October 20th, 2018 and was held for the first time at Remada Hospital. The doctors examined 170 patients and made 25 special treatments.

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RSE & HSE PROJECTS

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The Kebili CSR program is a program to support both the development and the social initiatives in Kebili Governo-rate. The charter was signed on April 07, 2016 between ETAP, MAZARINE, PERENCO and WINSTAR, SERINUS to ensure greater synergy and greater effectiveness in social responsibility initiatives.

-A list of 06 primary schools was selected in the delegations of Douz and Faouar for the establishment of new preparatory classes and the upgrading of the sanitary units.

- Procurement of a mini-bus to benefit the Regional Education Directorate of Kebili dedicated to cultural and leisure activities. - Planning the installation of a grassed area at the 02 Mars primary school to support sport activity.

ETAP is specifically concerned about the importance of the Corporate Social Responsibility CSR as an essential governance tool, and it is already engaged in many CSR programs, mainly in the regions of Tataouine, Kebili and Kasserine.

Corporate Social Responsibility at the heart of ETAP’s Strategy

Tataouine CSR

Kebili CSR

R S E

The Tataouine CSR program is a program to support both the development and the social initiatives in Tataouine Governorate, launched in June 2015, and a charter has been signed on May 6, 2015, between the Ministry of Supervision, ETAP, and the partners ENI, MEDCO and OMV.

The 12th caravan took place on October 06, 2018. The medical specialists examined 160 patients in Dermatology, 170 in ENT and 70 in Psychiatry.

The 13th caravan took place on October 20th, 2018 and was held for the first time at Remada Hospital. The doctors examined 170 patients and made 25 special treatments.

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ETAP PROJECTS

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Renewable Energy ProjectsStrategies & Challenges, Toward Green Fields Energy ...

Technology: PVRegime: AuthorizationSite: TataouineApproval date: 27 April 2018Capacity: 10 MW Start up: December 2019Budget: 11 MUS$

Technology: PVRegime: ConcessionCapacity: 500 MWStage: Negotiation with pre-qualified companiesPossible start-up 2021 according to Regime Concession

Green Field Project Tataouine Field Project

The ADAM PV project is situated in theTataouine governorate, at the ADAM Oilconcession and has a peak capacity of5MW. The energy produced will be usedon-site, reducing gas consumption andavoiding around 6,500 t/year of CO2equivalent emissions.The solar plant is expected to be completedby the end of 2019 and is part of thecooperation agreement with ENI.

EL BORMA Brown Field Project

ADAM Brown Field Project

Technology: CSPStage: StudiesSite: EL BORMA concessionHybrid System: Gas Turbine and CSPShareholders: SITEP/ENICapacity: 5 MW

Brown Field Projects

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H S E




Kasserine CSR


KB-2 Project


TATAOUINE PROJECT

NAWARA PROJECT

.

Pipeline layout



LPG BOTTLING PLANT










TGP Pipeline

Nawara Pipeline

Pipeline layout











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HSE PROJECTS

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As part of strengthening cooperation, coordination and mutual assistance within the oil and gas sector in Tunisia and in terms of the protection of the marine environment from accidental hydrocarbon pollution, concerned compa-nies have expressed interest in implementing a Level 2 Marine Pollution Mutual Assistance Agreement (MoU).

The MoU is intended to enhance cooperation, coordination and information exchange on the control of oil spills in the marine environment.

For this purpose, ETAP as a partner in several concessions, and MOIG were the coordinators in order to lead this protocol. MOIG, appointed by ETAP as coordinator of this action, organized a workshop with representatives of the oil companies to prepare the draft mutual assistance agreement protocol.

Tataouine Gas Project

Memorandum of Understanding for Mutual Assistance in Marine Pollution « Level 2 »

As part of the monitoring of the Tataouine Gas project, the HSE department was involved since 2018 in the following actions:

- Revision of HSE documents (pipeline HSE, HSE philosophy of the GTP-T station)

- Supervision of the unloading of the two batches of pipes at the port of Gabes

- Regular visits for the follow-up of the HSE action plan

- Communication and coordination with the HSE Representative of the pipe laying contractor.

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H S E




Kasserine CSR


KB-2 Project


TATAOUINE PROJECT

NAWARA PROJECT

.

Pipeline layout



LPG BOTTLING PLANT










TGP Pipeline

Nawara Pipeline

Pipeline layout











2

Drilled Wells

19

11 11

13

35

3 2 3

6

4 4 40 3 3 2 0

2010 2011 2012 2013 2014 2015 2016 2017 2018

Nb. de Puits d'exploration NExplora on Well

Discovery Well

ti

2018

-201

9

1 Jebel El Kebir (KB-2)

Nord des cho s ETAP 1956 F2b & Serdj Gas shows in the F2b

2 Sidi Marzoug(SMG-1) Zaafrane Mazarine

energy 3880

Ordovician(El hamra & El Atchane);

TAGI ( objec ve)

MDT : TAGI mineralizedHydrocarbures + Ordovician(Atchane & Hamra) TEST in

progress

3TARFA #4

(TFA-4) Tarfa Perenco 2435 TAGI first objec veSecond Permian reef

Test Permian /TAGI

In progress

Years N ° Wells Licenses /concessions

O perator TD O bjec ves Results

Exploration & Discoveries Wells

1014

2068

804

2579

640

0 0 75400 250

23482791

1493

3377

1852

0

1035

477710

1100

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

2D (km) 3D (Km2)

Seismic Activities

Seismic Acquisition 2010-2019Permit Operator Contractor Onshore/Offshore Km2 Date

Start/End Km Date


30/05/2018 50 01/04/2018 30/05/2018



01/04/2018 30/05/2018

Permit Operator Contractor Onshore/Offshore Km2 Date Start/End Km Date


30/05/2018 50 01/04/2018 30/05/2018



01/04/2018 30/05/2018

3D seismic data 2D seismic data

Current licenses : 21 Requested licenses : 8Data Room:7

Licenses Number and Requested Blocks

52 51 4945

3731

2623 21

21

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

2 6 1 1 0 0 0 2 2 8

21

Total licenses

Awarded licenses

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EXPLORATION ACTIVITY

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E PN

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10




2017 2018 2019

Oil (bbl) 10 958 582 10 932 192 12 961 634

Gas (boe) 8 710 547 8 636 743 10 077 942

GPL(bbl) 1 602 443 1 446042 1 216 280

Total (boe) 21 271 571 21 014 976 24 255 856


Gas Transport

5 Ports



Oil (Trapsa):






170/80/125Km.


10” and 6”





120Km 24” and 18”.



with 10MMNm3/d











E PN

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Jun

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11

Prospecting Authorization

Exploration Permit

Production License

1 Year Non Exclusive for non explored or under explored areas

Up to 30 years for development and production

Development Plan approved by the Granting Authority

Specific fiscal terms: Royalty, Income TAX

Long Term Production Test authorization can be granted under agreed terms (duration, testing program…)

2 Years with possibility extension for 12 months maximum

Exclusive, Priority right for conversion into Exploration PermitCommitment: Geological studies

Commitment: Geophysical works (seismic acquisition )

Prospecting Permit

Open Door PolicyOffered Contracts Concession Or PSC

Initial period up to 5 years maximum

Renewal right (2 periods up to each 3 years ): with relinquichement system

Area extension possibility(up to 50%of initial granted acreage)

Validity extension possibility (up to 2 yaers for each period)

Commitment

- Initial PeriodG&G Data acquisition, processing and interpretation, for a competitive number of Km or square KmDrill ing of a competitive number of exploration wells - Renewal PeriodsMinimum of one exploraion well(s)

If Commercial Discovery

HOW TO EXPLORE

E PN

°44-

Jun

e 20

19

3

E P

N°4

4- J

une

2019

10




2017 2018 2019

Oil (bbl) 10 958 582 10 932 192 12 961 634

Gas (boe) 8 710 547 8 636 743 10 077 942

GPL(bbl) 1 602 443 1 446042 1 216 280

Total (boe) 21 271 571 21 014 976 24 255 856


Gas Transport

5 Ports



Oil (Trapsa):






170/80/125Km.


10” and 6”





120Km 24” and 18”.



with 10MMNm3/d











E P

N°4

4- J

une

2019




1

LATEST NEWS





E PN

°44-

Jun

e 20

19











Contacts

12

E PN

°44-

Jun

e 20

19




1

LATEST NEWS





E P

N°4

4- J

une

2019











Contacts

12