VOL. XXXI

NO. 40

11-JULY-1988

TUNISIA

Elf Aquitaine Relinquishes Offshore Concession

The French state-owned Elf Aquitaine has relinquished its operator role andequity in the 3,072 sq. kms. Gulf of Hammamet-Cap Bon permit. The US firmMurphy, a subsidiary of Ocean Drilling and Exploration, will now be in charge.Other shareholders in the offshore permit include: Semedan North Sea and Petrex,an Agip affiliate.

Elf made a promising oil discovery in 1983 with its first wildcat, SouthCosmos-l yielding...