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Cooper Energy Awarded Bargou Prospecting Permit Offshore Tunisia

Source: www.gulfoilandgas.com 4/26/2006, Location: Africa

Cooper Energy has been informed the award of the award of the 4,476 km2 Bargou Prospecting Permit in the Gulf of Hammamet, offshore Tunisia, has been published in the Tunisian Government Official Gazette number 31 dated April 18, 2006. The publication of the award of the permit commences the validity period on the same date. The two year validity period therefore commences on 18 April 2006 and expires on 17 April 2008. Upon expiry of the Prospecting Permit, Cooper Energy has the option to renew the permit as an Exploration Permit, which has a 5 year life.

The committed work program in the two year validity period is as follows:

Geology and geophysical studies
Reprocess 5,000 km of 2D seismic
Acquire, process and interpret 200 km of 2D seismic
Minimum expenditure of US$935,000

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Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

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