OilVoice - Perenco Announces LOOP Project Inauguration in Tunisia

Perenco Announces LOOP Project Inauguration in Tunisia

Friday, May 15, 2009

Perenco's CEO and the ETAP chairman symbolically turned together the CPF valve for the new gas export pipeline at an official opening ceremony held on May 6th at the Central Processing Facility near Matmata in Tunisia. Representatives from the local authorities, Department of Energy, partners ETAP and Perenco Tunisia staff attended the ceremony which concluded with a traditional meal, dancing and fantasia horseback and camel riding.

This ceremony concludes an almost 100 MUS$ investment shared with partner ETAP on the “Loop Project” including:

- 73 km 10” Gas Export Pipeline,
- Process upgrade which now treats the gas on site to export directly commercial gas to the national network, allows extraction of LPG fraction in a separate export stream and additional condensate recovery
- Two new wells on El Franig field

Production has now been increased to the target rate of exporting 40 mmscf/d of commercial gas & LPG products with associated Condensate.