Petroskandia awarded exploration block onshore Tunisia
Petroskandia has announced that it has been awarded the Teboursouk exploration block onshore Tunisia under a five-year agreement
Petter Elmstedt, chief executive of Petroskandia, said “The block holds great interest as it is part of a formation that has already yielded several significant discoveries in neighboring Algeria and Italy.”
Petroskandia is expected to hold a 50 per cent operatorship stake in the northwest Tunisian acreage with state-owned company ETAP (Entreprise Tunisienne D’Activités Pétrolière) holding the other half, according to the joint venture agreement.
The Swedish oil and gas company is likely to acquire a total of at least 250km of 2D seismic data and to drill one exploration well during the initial five-year term, which is extendable upto eight years, the company said. The Teboursouk block covers 4,956 sq km in Tunisia’s northwest region, in the governorate of Jendouba.