Numphyd wins Tunisia double
Tunisia has handed two exploration permits to the Algerian-Tunisian joint
venture Numphyd, the energy ministry said today.
Numphyd will spend $13 million drilling two wells - one in the Kaboudia
offshore area near the southern town of Gabes and the other in Nord des
Chotts in western Tunisia, the ministry said in a statement.
The permits cover a total area of 8748 square kilometers.
Numphyd is a 50-50 venture of Algerian state energy giant Sonatrach and
Tunisia's government-run Etap.
Etap also signed an agreement to sell Numphyd a 30% stake in the Nord des
Chotts prospect.
30 April 2008 14:43 GMT
| last updated:
30 April 2008 14:43 GMT
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