Circle, Exxoil ready Tunisia spud

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Eoin O'Cinneide

 29 June 2012 07:14 GMT

Circle Oil and Exxoil are aiming to spud an exploration well in Tunisia sooner rather than later after receiving the go-ahead from local authorities.

The pair is looking to start drilling the Bou Argoub-1 (BAB-1) well in the South West Belli area early in the second half, Circle said.

The well will be situated on the Grombalia permit near to the Belli, El Manzah and Beni Khaled fields.

Total depth is expected to hit 1350 metres and is targeting a fault-bounded structural culmination crossing two vertically stacked fractured carbonate reservoirs, the Eocene Bou Dabbous Formation and the Late Cretaceous Abiod Formation.

Exxoil Tunisie operates the Grombalia permit with a 65% slice while Circl holds the balance.

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