Gulfsands Petroleum gets complete ownership of Tunisian permit

oil-tunisiaGulfsands Petroleum has acquired a 100 per cent ownership of Chorbane Permit in Tunisia

Tunisia’s Comité Consultatif des Hydrocarbures (CCH) recently approved the transfer of all of ADX Energy Limited’s remaining interests in the onshore Chorbane Permit to the wholly-owned subsidiary of Gulfsands Petroleum.

The Chorbane Permit covers an area of 1,940 sq km in central Tunisia near the port city of Sfax. The permit is surrounded by several producing oilfields and extensive oil and gas infrastructure, the company said.

Gulfsands Petroleum plans to undertake a 2D seismic programme of approximately 100km on the permit to assist in the selection of drilling locations that have been provisionally identified from its re-interpretation of a significant data base of legacy 2D seismic data.

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