The London-listed player will operate the licence on 75%, with state oil company Office National des Hydrocarbures et des Mines (ONHYM) getting a 25% carried interest.
The licence covers some 2850 square kilometres and is north of Gulfsands’ Rharb Sub permit.
“This area is considered to include the key remaining prospective acreage in an area where the existence of a working petroleum system has been confirmed with the discovery and development of three oil fields, the most recent of which was the Haricha Field, which had produced a total of 2.8
