British Gas and state oil company Entreprise Tunisienne d'Activites Petroluem each have a 50% interest in the permit, which covers a four-year exploration period. Colin Friedlander, technical director of exploration and production for the UK company, said Ulysse includes acreage close to the Miskar gas field, the Ashtart oilfield and the Hasdrubal gas discovery. British Gas is Tunisia's largest foreign investor, supplying 80% of the country's total daily gas demand.
BG expands in Tunisia
BRITISH Gas has become the largest foreign holder of Tunisian exploration and production acreage with the award of the Ulysse permit in the Gulf of Gabes. The new licence, which covers 1912 square kilometres, brings the company's total holding in the country to 6528 square kilometres.
17 December 1996 0:00 GMT
Updated
17 December 1996 0:00 GMT
