Olive Energy E&P is Implementing an Aggressive 3-Year (2023-2025) Exploration & Production Program Divided into 2 Main Phases:
Phase 1: Data Collection and Surface Facilities Upgrade
Acquisition of Onshore and Offshore 3D Seismic
Workover with Hydraulic Fracturing of TLP-103C
Drilling to the Basement of a vertical exploration well TLP-104
Upgrade Surface Production Facilities
Phase 2: Exploration of Deeper Reservoirs, Pipeline and Gas Conversion
If Phase 1 results are positive, the main tasks of this phase are:
Drilling and Fracing multiple wells to test all the deeper reservoirs characterized with advanced seismically-driven 3D reservoir AI-modeling technologies
Building a 13 km Pipeline
Setting up a Micro-GTL Unit to convert flared and produced Gas to Liquids