Financing Agreement Signed for Oil Well Drilling in El Borma Field in 2025
A financing agreement for the drilling of an oil well and a development well in the El Borma field in 2025 was concluded on Friday, January 17, between Tunisia, Italian oil company ENI, and the Italo-Tunisian Petroleum Exploration Company (Sitep). The financing agreement was signed by the Minister of Industry, Mines, and Energy, Fatma Thabet Chiboub, the CEO of ENI Tunisia, Alberto Maliardi, and the General Manager of Sitep, Hazem Yahyaoui.
During the signing ceremony, Chiboub indicated that this agreement is part of an "ambitious" program that plans to drill nine wells between 2025 and 2030. The program also envisions the production and extraction of additional quantities of oil and gas.
The technical committee formed by representatives from the Ministry of Finance, the General Directorate of Hydrocarbons, and Sitep had adopted, on October 25, 2024, a development program for 2025, with an estimated cost of $19 million (equivalent to 62 million dinars).
