Integrated E&P Operations
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Olive Energy E&P operates the Tilapia Permit awarded on March 1, 2023, by Presidential Decree. Olive Energy E&P local partners in the permit are DMT Overhood (25%) and SNPC (15%).
Tilapia is an onshore-offshore permit located north of Pointe-Noire, the economic capital of the Republic of the Congo. This permit surface area is 50.51 Km2. The Tilapia field produces from well TLP-101ST since May 2007.
Tilapia production before Olive Energy E&P taking over the operations is less than 30 bbl/day of Light Sweet Crude with an API of 39-41, coming from the shallow R1/R2 reservoirs, also known as the Tilapia sandstone. The production is being trucked 17 Km to the nearest refinery (CORAF)
Eight Tilapia wells have been drilled on the permit before Olive Energy E&P taking over the operations, but only two were able to have commercial production rates from the shallow Pointe Indienne R2 reservoir. It was from the discovery well TLPM-1, commercial flow achieved during production tests, then from TLP-101ST, which has been completed near TLPM-1.
The most recent drilling operations were carried by Prestoil in 2007 with the drilling of TLP-101V followed by the producing well TLP-101ST, then wells TLP-102, TLP-201 and TLP-201bis.
The last well drilled in 2019 by Petro-Kouilou, TLP-103C, focused primarily on the deeper Mengo reservoir development while aiming for the Djeno reservoir as a secondary deeper target. Both deeper reservoir objectives were found but have not been tested or produced.
Olive Energy E&P, in addition to increasing the production from shallow R1/R2/R3 reservoirs, will focus on drilling and fracing the deeper tight reservoirs Mengo, Djeno and Vandji where present in the permit.