Licence portfolio

North Africa Region

North Africa is an oil- and gas-rich region. PA Resources has been active in the region since 1998 and is one of the largest oil producers in Tunisia. The Group has interests in six producing fields in the country, of which the largest is the Didon field. A great deal of the Group's oil production takes place here, but exploration is also ongoing. PA Resources is the operator of seven licences.

 Production             Exploration           Development

* Operatorship outsourced to Serept.
** Operatorship outsourced to Maretap, a joint venture owned 50% by Candax-Ecumed. Maretap has no interest in the licence.
*** ETAP has the right to take a 50% interest in the Jelma licence and 55% in the Makthar and Zarat licences once discoveries have been made on the licence and a development plan has been submitted. Until such time, ownership is shared as shown above.

West Africa Region

The Republic of Congo is the sixth largest oil-producing country in West-Africa, with a significant potential for further development of offshore production. PA Resources conneced production in the Azurite field in the Republic of Congo in August 2009. The Aseng field in Equatorial Guinea is under development. The Group also has interests in four exploration licences offshore Republic of Congo and Equatorial Guinea. A number of interesting new discoveries have been made in recent years.

North Sea Region

Since the 1970s North Sea oil has been a major source of income for the countries surrounding the North Sea. Today PA Resources has operations in the UK, Denmark, the Netherlands and Greenland. The Group has interests in 10 exploration licences in total and is the operator of five of these. To date, the focus in this region has been on exploration activities.