TUNISIA: Austrian oil and gas group OMV has acquired an 80 percent interest as operator in the Sid Mansour exploration license from Thani Tunisia Sidi Mansour, a subsidiary of Dubai-based Thani Emirates Petroleum Corp. The acquisition is subject to approval by ETAP, the Tunisian national oil company and Tunisian authorities.
The license covers an area of 6,592 square kilometers (2,545 square miles) offshore Tunisia in the Gulf of Gabes with water depths of up to 60 meters (196 ft) at the deepest. The field is around 30 kilometers (18.6 miles) north of the oil field Ashtart and is close to the Cercina oil field OMV owns stakes in both.
Work on the newly acquired block will begin this year following the acquisition of 500 kilometers (310 miles) of 2-D seismic data. Thani Tunisia Sidi Mansour retains a 20 percent working interest in the block.
Via [Energy Current]
