Middle East Economic Survey

VOL. XLVIII

No 46

14-November-2005

tunisia

Mitsubishi Farms In To Candaxs Chaal Permit

Japans Mitsubishi Corp has farmed in for a 20% working interest in Candaxs onshore Chaal Permit in Tunisia, the Toronto-based firm announced on 28 October. Candax acquired the permit in April (MEES, 11 April) and is operator of the license with a 60% holding. Drilling in the 1,200 sq km concession is due to commence in December in the Ali Ben Khalifa discovery well area where tests...