DNO completes Tunisian acquisition

Offshore staff

OSLO, NorwayDNO International ASA has completed the farm-in by its wholly owned subsidiary DNO Tunisia AS to the Sfax Offshore Exploration Permit and the Ras El Besh Concession in the Republic of Tunisia, pursuant to its agreement with Eurogas International Inc. and Atlas Petroleum Exploration Worldwide Ltd.

With this agreement, DNO Tunisia AS now holds an 87.5% participating (100% paying) interest in the permit and the concession, in that it has assumed operatorship and a significant share of the existing cost pool.

The Sfax Offshore Exploration Permit and the Ras El Besh Concession are located in the Gulf of Gabes and cover 3,296 sq km (1,273 sq mi), mostly offshore in shallow waters. To date, three discoveries have been made, with combined gross recoverable resources ranging between 35 MMboe and 60 MMboe. These assets represent 29 identified prospects estimated to contain 500–700 MMboe of gross unrisked resources.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...