On Friday, January 17, 2025, the Tunisian Ministry of Industry, Mines, and Energy hosted the signing of a funding agreement between Tunisia, ENI, and the Italian-Tunisian Petroleum Company (SITEP).
The ceremony was overseen by Minister Fatma Thabet Cheboub, with the participation of Secretary of State for Energy Transition Wael Shoushan, ENI Tunisia Director-General Alberto Maliardi, and other key officials.
The agreement, signed by Minister Cheboub, SITEP CEO Hazem El-Yahyaoui, and ENI Tunisia’s Alberto Maliardi, will fund the drilling of a production well and a sidetrack well at El Borma oil field in 2025.
The minister emphasized the project’s role in a broader plan to drill nine wells between 2025 and 2030, with the potential to boost hydrocarbon production and reduce the energy deficit. The development program, approved on October 25, 2024, is estimated to cost $19 million.
El Borma, one of Tunisia’s oldest oil fields, remains vital to national energy production.
