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MEDEX PETROLEUM AT A GLANCE
Incorporated in 1995 as an independent privately-held
company, registered in Cyprus and headquartered
in Paris, France
Specializing in oil and gas exploration and production
Mainly active in North Africa : Algeria and Tunisia
through its two subsidiaries Medex Petroleum (North
Africa) Ltd and Medex Petroleum (Tunisia) Ltd
ASSETS :
Blocks 242 and 226 229b onshore development blocks in Algeria
Zaafrane and Remada onshore exploration blocks in Tunisia
Blocks 242 and 226 229b onshore development blocks in Algeria
Zaafrane and Remada onshore exploration blocks in Tunisia
Positive results driven by successful exploration and production
activities providing exponential growth potential
Cost-effective exploration and production activities
based on local know-how and expertise
Environment responsible : health protection,
personnel safety and natural resources preservation
| Medex Petroleum Limited |
| Tour de l'Horloge |
| 4 Place Louis Armand |
| 75603 Paris Cedex 12- France |
| Tel : +33 1 73 02 03 55 |
| Fax : +33 1 72 76 25 99 |
| E-mail : contact@medexoil.com |
| Algeria |
| Medex Petroleum (North Africa) Limited |
| Tunisia |
| Medex Petroleum (Tunisia) Limited |
FORMER ASSET : DIDON FIELD SUCCESS STORY
Offshore block located in the South
of Tunisia at 70 meters' depth in the Gulf of Gabes
Medex Petroleum Ltd entered in the concession and became the operator in 1996 with a successful development plan
First oil from Didon Concession
in May 1998
Use of refurbished equipment together with know-how enabled the development of the field at a low cost
(USD 36 M), a third of the cost evaluated
by other companies
During the 4th quarter of 2004, decision was made to go ahead with the second phase of development by adding
a fixed platform in order to increase the production rate
from 12 000 b/d to 20 000 b/d by drilling additional aerial wells. The field has been sold to another company and is still in production under the Medex scheme.
Copyright Medex 2007