Gulf Oil and Gas accountACCOUNT

Tunisia Acreage Position Increased by 29%

Source: www.gulfoilandgas.com 4/12/2012, Location: Africa

Share |
Africa Hydrocarbons Inc is pleased to announce notification was received from Tunisian authorities that an application to expand the Bouhajla Permit has been accepted and the expansion granted as requested. The permit expansion is subject to government ratification and publication in the official Government Gazette. Twenty square kilometers of new 3D seismic was committed in conjunction with the acreage award under the same Production Sharing Contract terms as the original Permit.

The area of additional acreage represents an increase of 120 km2 or 29% of the area of the original Bouhajla Permit. The expansion area lies south of the Bouhajla North prospect on which a 55km2 3D seismic survey was recently completed. Processing and interpretation of the 3D survey over the Bouhajla North prospect is currently under way.

John Nelson, CEO of AHI states "The additional acreage dovetails nicely with the original Bouhajla Permit forming a larger, more contiguous exploration block. Additional upside was identified on the new acreage using vintage 2D seismic and we are now pleased to be able to further develop those leads and add them to our prospect inventory on the Permit."

Acquisitions and Divestitures News in Tunisia >>

Thailand >>  6/21/2018 - Shell announced that its affiliates, Shell Integrated Gas Thailand Pte Ltd and Thai Energy Company Ltd, have completed the sale of their 22.2222% inte...
Croatia (Hrvatska) >>  6/20/2018 - Eni and INA-INDUSTRIJA NAFTE, d.d. have signed an agreement to enable INA-INDUSTRIJA NAFTE, d.d. to acquire 100% of Eni Croatia b.v., that currently p...

Egypt >>  6/20/2018 - Eni has finalized a 10% stake sale in the Shorouk concession to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company. The Shor...
Norway >>  6/20/2018 - Royal Dutch Shell plc, through its affiliate A/S Norske Shell, has reached an agreement with OKEA AS to sell its entire 44.56% interest in Draugen and...

Norway >>  6/19/2018 - The Norwegian Petroleum Directorate has granted Norske Shell a drilling permit for wildcat well 6304/3-1 in production licence PL 832. Well 6304/3-1 w...
Brazil >>  6/18/2018 - Petrobras, further to the Material Fact of 04/03/2018 and Press Release of 05/23/2018, informs the beginning of the non-binding phase related to the s...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Tunisia Oil & Gas 1 >>  2 | 3 | 4 | 5 |

Oil & Gas Projects in Tunisia >>

More News

 

Oil & Gas Companies in Tunisia >>


Related Links

AO BJ BW CD CG CI CM DZ EG ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.