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SITEP celebrates its 50 years
THE COMPANY
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Presentation of SITEP

“The Societe Italo-Tunisienne d’Exploitation de Petrole” SITEP is a leader in the field of exploitation of hydrocarbon in Tunisia. It is the symbol of success of the Italo-Tunisian partnership in Tunisia. It is in charge of the exploitation of the oilfield of El Borma. Since its creation, it acts as a support for the national economy.

In 2010, the SITEP celebrates its 50th anniversary.

The shareholders of the SITEP are the state of Tunisia and ENI. It was conventionally created on June the 10th, 1960 and constitutionally on January 24th, 1961. The effective oil production started in 1966.

The area of El-Borma extends on 792 km2. It is situated in the western south of Tunisia, in the region of Tataouine, the tuniso-algerian frontier. The quality of the produced oil is excellent.

It is commercialised under the name of “Zarzaitine Blend”. On 31st December 2009, the oilfield of el Borma held a recovery rate of 43%, among the highest rates in the world. It is classified the first among the Tunisian oilfields.

 

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