A drilling permit dubbed 'Nabeul' was granted on Monday to the company "Reap Tunisia Gmbh", a subsidiary of the UK- based company CAIRN as well as to the Tunisian Enterprize of petroleum activities (ETAP).
"Nabeul", which is situated in the gulf of Hammamet covers an area of 3352 square kilometres.
The work program for the initial period has been set for 5 years and includes a geological study, as well as the drilling of an exploration well, at an investment cost of 6million dollars.
The convention relative to this agreement was signed by Mr Afif Chelbi, The Minister of Industry, Energy and Small and Medium Enterprizes, Mr Simon John Thompson, CEO of "Reap Tunisia Gmbh" and Mr Khaled Ben Cheikh, CEO of ETAP.
The ceremony was attended by the Secretary of State in charge of renewable energies and food industries.
Via [All Africa]
