Tunisia’s hydrocarbons consultative committee has approved Dragon Oil PLC to take a farmout on the Bargou permit and become a member of the Bargou joint venture in Tunisia.
The joint venture plans to spud the Hammamet West-3 horizontal development well in the fourth quarter of 2012. Interests in the JV are Cooper Energy Ltd. operator with 30%, Dragon Oil 55%, and Jacka Resources Ltd. 15%.
A fracture study for the Hammamet West-3 well is being undertaken to determine the optimum horizontal drilling path for the well. The fracture study will be a key input to the well basis of design, said Cooper Energy.