Middle East Economic Survey

VOL. XLVIII

No 15

11-April-2005

TUNISIA

Candax Energy Awarded Chaal Prospecting License

Canadas Candax Energy on 2 April signed an oil and gas prospecting license for the onshore Chaal field with the Tunisian government and state-owned oil company ETAP. Candax will hold 80% of the license, with Tunisias Société de Maintenance dInstallations Pétrolières (SMIP) owning 20%. The Chaal license covers a 1,200 sq km area and includes several prospects, including a 300 sq km...