On the drawing board for 18 months, a bid by Entreprise Tunisienne des Activites Petrolieres (ETAP) to raise USD 400 million on international capital markets to finance its share of work on the Hasdrubal field with British Gas may well come to grief because of the current financial crisis.
Via [
Africa Intelligence]
The Energy Developments division continues to make good progress with the development of the West Don and Don Southwest fields in the UK North Sea, with modifications to the Northern Producer floating production facility, subsea infrastructure development and the recently commenced drilling programme progressing on budget and on schedule for first oil in the first half of 2009. The Chergui gas plant in Tunisia, which commenced commercial production of gas in early August, is now operating at close to full capacity.
Via [
AMEinfo]
