• Most Popular
  • Most Shared

Oil Search wins Tunisia drill permit-officials

Sun Dec 9, 2007 6:33am EST

Stocks

   

TUNIS, Dec 9 (Reuters) - Tunisia awarded an oil and gas exploration permit to Australia's Oil Search Ltd (OSH.AX), government officials said on Sunday.

Under a 4-1/2 year licence, Oil Search, in partnership with Tunisian state oil firm Societe Tunisienne des Activites Petrolieres (ETAP), will invest $8 million to drill one well, they added. The exploration area of 4,852 sq km straddles the two northwestern provinces of Kef and Siliana. (Reporting by Tarek Amara; Editing by Paul Bolding)



More from Reuters

Photo

Fox, Time Warner Cable ink temp deal to avoid blackout

NEW YORK (Reuters) - Time Warner Cable and News Corp's Fox Networks agreed to a brief extension of their current carriage contract on Thursday to avoid a blackout that would have prevented 13 million U.S. homes from seeing TV shows like "The Simpsons" and college and NFL football games.

A customer is served at a counter inside a foreign exchange store displaying a poster of various banknotes including the Chinese yuan or renminbi (RMB) in Hong Kong November 20, 2009. REUTERS/Bobby Yip
OUTLOOK 2010:

Be careful what you wish for

Pressure on China to loosen its grip on the yuan will continue but the U.S. should tread carefully. Here are five world market issues to watch.  Full Article 

Aurora, a 20-year-old Beluga whale, swims with her newborn calf after giving birth at the Vancouver Aquarium in Vancouver, British Columbia June 7, 2009. REUTERS/Andy Clark

365 days for the doomed

From polar bears to emperor penguins, endangered species will get top online billing in 2010 during the Year of Biodiversity.  Full Article