IOCs continue to quit the country on the back of chronic instability.

Petrofac, one of the key upstream operators in Tunisia on 28 June announced the sale of its 45% operator’s stake in Tunisia’s Chergui gas field to privately owned French firm Perenco. Tunisian state firm ETAP has the remaining 55%.

Output at Chergui on Kerkennah island near Sfax has been highly erratic in recent years. It rebounded to 25mn cfd for Jan-April 2018 (MEES, 8 June), not far off 30mn cfd capacity....