Sweden's PA Resources AB (PAR) with its Tunisian subsidiary Hydrocarbure Tunisie Corporation (HTC) has completed 1 onshore development well in NW Tunisia in the Tamesmida field. The development well has been drilled to 1610 meter and discoveries have been made in two formations. The well is currently being tested and will thereafter be set in production.
PAR is operator and has a 95% participation interest in the field.
The well, TAM 5 is the fifth well in a series of wells to be drilled over a period of 5 years in the Douleb, Semmama and Tamesmida fields, the DST development/exploration Project. A total of 8 wells have been planned with a total budget of US$10 million.
TAM 5 was spudded December 2, 2004. This is the first well in the Tamesmida field under the DST project. Target depth was reached at 1610 m in the Serj Formation, the dolomite reservoir of Aptien age. The secondary target was reached the limestone reservoir (Vraconian age) at 1050 m. Discovery has been made in both targets. The well has been completed at main target and currently is undergoing production testing.
