Franco-Australian oil company Primoil has signed a contract to carry out oil and gas exploration in the northwest of the country.
Primoil, a joint venture of France’s Soprodis and Oil Search of Australia, has signed a four-year production-sharing agreement with state oil company Entreprise Tunisienne d’Activites Petrolieres (Etap).
The group will form a joint venture with Etap during the exploration phase. Primoil will invest an estimated $5m in the exploration programme that includes a seismic survey and at least one well.
The 2,836-square-kilometre permit is located on the border of the Kef and Jendouba provinces.
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