Middle East Economic Survey
VOL. LIII
No 20
17-May-2010
TUNISIA
SacOil Signs Farm-In Agreement For Tunisias Chaal Permit
South Africas SacOil Holdings has entered into a farm-in agreement with Canadas Candax Energy to earn a 55% interest in the onshore Chaal permit in Tunisia, it said on 12 May. SacOil will pay 80% of costs related to the drilling of a sidetrack to the already drilled Chaal-1 well, up to a limit of $6.4mn, as well as pay Candax $3.6mn at the time a development plan for the field...
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