37.9 C
Tunisia
Monday 21 June 2021
HomeNewsTunisia: Panoro completes OMV acquisition

Tunisia: Panoro completes OMV acquisition

London-based international independent oil and gas company Panoro Energy ASA has just announced that it has completed its $65 million acquisition of OMV Tunisia Upstream GmbH from Vienna-based integrated oil and gas company OMV.

Panoro Tunisia Production AS (PTP, 60 percent owned) now holds an indirect 49 percent interest in five oil producing concessions in Tunisia ( the Cercina/Cercina Sud, El Ain/Gremda, El Hajeb/Guebiba and Rhemoura) with net 2P reserves of 8.1 million barrels as at July 1, 2018, and current net production of approximately 2,000 bopd from 14 wells.

PTP also indirectly owns 50 percent of Tunisian-based operating company Thyna Petroleum Services S.A. (TPS).

The remaining stakes in the concessions and in TPS continue to be held by the Tunisian National Oil Company (ETAP).

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

MOST POPULAR

HOT NEWS