Circle Oil, the oil exploration and production company, said it has received a permit extension to its Grombalia concession in Tunisia.
The company has until Dec. 18 to complete operations on the site. BAB-1 well will have an expected total depth of 1,350 meters.
Professor Chris Green, CEO of the company, said: “We are very pleased that preparations are underway for the drilling of our exploration wells in the Grombalia permit. This type of fault-bounded structure has proven historically to be successful for drilling.
