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Oudna Oil Field Put into Operation

Date:2006-11-22 Source:Sinochem Group

After 2 years of great effort, Oudna oil field, co-developed by Lunding and Sinochem, was put into operation on Nov. 11th,2006.

Han Gensheng, Vice President of Sinochem Corporation, along with Tunisia’s Minister of Energy and Mining, the Major of Tunisia, and Chinese Ambassador joined the inauguration ceremony on Nov.14th.

In 2003, Sinochem acquired ATLANTIS to have its foothold in the oil E&P sector. Oudna oilfield is one of the oil assets owned by ATLANTIS. The development of Oudna was initiated in 2005. On Mar.28th, 2006, the well test of Oudna-3 gained high-production oil flow.All the parameters had reached the planned requirement. For two years, Sinochem and the operator has applied world-leading technology to overcome numerous difficulties. Currently the Oilfield is under smooth and stable operation. Oudna’s annual capacity will eventually reach one million MT.