DNO increases Tunisia acreage
DNO International is increasing its acreage offshore Tunisia and plans to drill next year. Its subsidiary DNO Tunisia AS has entered a farm-in agreement with Atlas Petroleum National des Hydrocarbures et des Mines (ONHYM) agreed to a six-month extension for the first phase of exploration on the Loukos, Casablanca, and Safi licences, off Morocco. The licenses will now extend until 11 January 2014. Chariot is reprocessing and interpreting 11,000km of 2D seismic data. The licenses are 50km off Morocco in 5-165m water depths. The Loukos license covers 1,925sq km, while the Casablanca/Safi licenses cover 3,500 sq km. Chariot holds 75% interest and ONHYM holds 25%.
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