President Emmanuel Macron should have appointed a prime minister from their ranks, said the left-wing lawmakers
europe9 hours ago
A 30 per cent interest in the Hammamet Offshore license has been acquired by RAK Petroleum from Canadian based firm Storm Ventures International which will retain a 35 per cent operated interest. Cooper Energy of Australia holds the remaining 35 per cent interest in the license. The assignment has been approved by the Tunisian Government.
The Hammamet Offshore license area, awarded in September 2005 under a Production Sharing Agreement, is situated in the Gulf of Hammamet and contains two ready to drill prospects plus several leads. The first well, Fushia 1, is expected to be drilled in the third quarter of 2010, subject to rig availability.
“RAK Petroleum is very pleased to make an entry into Tunisia,” stated Abdulaziz Al Ghurair, Chairman of RAK Petroleum’s Board of Directors. “This is the first exploration project undertaken by RAK Petroleum outside of Oman and the UAE. The Company is looking forward to further expansion in Tunisia and the North African region generally,” Al Ghurair added.
The Fushia prospect is a complex of four structures separated by semi-parallel faults which have been mapped on 3-D seismic. These are on the same northwest trending structural high as South Cosmos field and are flanked to the south by the deep graben that is thought to source South Cosmos oil. The first well will test the fault compartment known as Structure B.
“While the larger field structure is complex, we believe Fushia offers the potential of hundreds of millions of barrels of oil in place if the four fault structures are all proven to contain oil,” noted Bijan Mossavar-Rahmani, RAK Petroleum’s Managing Director and Chairman of its Board of Directors Executive Committee. “A discovery at Fushia would provide a significant boost to the Company’s reserves base,” he added.
President Emmanuel Macron should have appointed a prime minister from their ranks, said the left-wing lawmakers
europe9 hours ago
Educational institutions in the country have stressed that they implement strict policies and conduct stringent background checks to avoid such situations
education9 hours ago
The bombing has killed more than 1,110 people and displaced up to one million in Lebanon, according to official figures
mena10 hours ago
Updated rules have been issued for these commuters as experts call for safer batteries to avoid the risk of spontaneous combustion on trains
uae11 hours ago
Both parties also confirmed their shared commitment to improving cooperation in artificial intelligence, especially after the President's recent historic visit to the US
uae11 hours ago
Only 12 out of 120 players completed their rounds as Japan’s Rintaro Nakano held the lead at seven under par
sports11 hours ago
The IHW Summit recognised Dr Khorakiwala’s extraordinary contributions to transforming healthcare in India and on a global scale
kt network11 hours ago
The Triangulum Galaxy is the third largest in our local group, right behind the Milky Way and Andromeda
space11 hours ago