Clarifications on El Menzah Oil Field Transfer to Exxoil

✅ Good news — Flash Radio shares this positive update with you The National Petroleum Distribution Company (SNDP-Agil) confirmed via its CEO Khaled Bettine the regularization of a legal file related to the El Menzah oil field, which has been pending since 2001. This site, discovered in 1998 and in production since 2000, ceased operations in 2007 after a decline in production to 35 barrels per day. The total cumulative production reaches nearly 1.9 million barrels. ⏱️ 1 min read The facts and recent developments The decision not to develop the field, made by Etap in 2001, created a legal uncertainty. The exploitation concession, granted in 2000, was not updated, blocking the situation. In 2024, Exxoil requested a modification of this decision after the bankruptcy of Ecumed Petroleum Grombalia. The Hydrocarbons Advisory Committee approved the transfer of rights to Exxoil (Setcar Group) in September 2024. The CEO of SNDP-Agil highlighted that the company plans to restart exploration operations, with estimates suggesting undiscovered resources. This regularization could revitalize Tunisian oil activity, while opening up new exploration prospects. Flash Radio keeps you informed in real time ⚡ Key points ▸ The CEO of SNDP-Agil highlighted that the company plans to restart exploration operations, with estimates suggesting undiscovered resources. ▸ The Hydrocarbons Advisory Committee approved the transfer of rights to Exxoil (Setcar Group) in September 2024. ▸ In 2024, Exxoil requested a modification of this decision after the bankruptcy of Ecumed Petroleum Grombalia. Follow the news live on Flash Radio The news is also followed live: listen to Shems FM, Radio Tunis Nationale and Jawhara FM on Flash Radio, no registration required. 📻 Shems FM live 101.7 MHz — Generalist 🏛️ Radio Tunis Nationale live National 🎶 Jawhara