Middle East Economic Survey

VOL. LIII

No 47

22-Nov-2010

TUNISIA

Cooper Farms Into Tunisias Nabeul Offshore Permit

Cooper Energy has acquired an 85% working interest and taken over operatorship of Tunisias offshore Nabeul Permit from Cairn Energy subsidiary Capricorn Oil and Gas Tunisia. The block, located in the Gulf of Hammamet off northeastern Tunisia, partially borders the Hammamet exploration permit, in which Cooper holds a 35% stake. The $1.5mn deal is still subject to regulatory...