Middle East Economic Survey

VOL. LIII

No 24

14-Jun-2010

TUNISIA

Gulfsands Increases Interest In Adjacent Tunisia/Italy Offshore Permits

Gulfsands Petroleum has exercised its option to increase its working interest in the adjacent Tunisian and Italian offshore permits of Kerkouane and G.R15.PU (Pantelleria) to 30%, AuDAX Resources announced on 7 June. The company made the decision after reviewing the recently acquired 3D seismic data results over the two permits, together called the Sicily Channel...