Assets in Tunisia
With just less than one-half billion barrels of proven oil reserves here in this country, the prognosis for energy opportunities is positive as exploration activities continue to increase.
Hammamet Offshore
As a result of the recent DNO – RAK Petroleum merger, the company now owns a 30% interest in the Hammamet Offshore License operated by the Chinook Energy Inc. of Calgary, Canada.
The Fushia-1 well was drilled in 2010 by the joint venture, resulting in the discovery of a 16-meter hydrocarbon column. The commercial potential of this first well is currently being reviewed.
3D seismic was acquired in 2011 over the Tazerka and Kasserine areas. Interpretation of this new seismic is currently underway.
Fkirine
DNO signed a prospecting permit in 2011 that covers an area of over 2,000 square kilometres with a two-year commitment.. The exploration team has now moved into an operative geological/exploration phase, a phase that includes the acquisition of the minimum 200 kilometers of 2D seismic as well as re-processing of minimum 300 kilometers of existing seismic data.
Activities planned in 2012 include geological fieldwork, a surface geochemical survey and 2D seismic acquisition, processing and interpretation.