Tunisian authorities Comité Consultatif des Hydrocarbures granted ADX Energy an additional six-month extension of the exploration period for the Kerkouane permit, offshore Tunisia.
The extension ends on 7 August 2016.
The ADX-operated Kerkouane permit contains appraisal and exploration prospects, such as the multi target Dougga West oil and gas prospect and the Dougga gas condensate discovery.
ADX is seeking to farm-out part of its interest to fund the drilling of the next well. Despite trying farm-out conditions, several material companies with a North African focus are currently reviewing the asset. The extension will assist ADX with its farm-out efforts due to increased work program flexibility.
ADX received its last Tunisian extension in August 2014.
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