BG to invest $450 million in Tunisia over 9 years

BG Group will invest another $450 million in Tunisia over the next 9 years, said the Organization of Petroleum Exporting Countries' news agency. BG has already spent $600 million in the country.


By the OGJ Online Staff


HOUSTON, Feb. 15
�BG Group will invest another $450 million in Tunisia over the next 9 years, said the Organization of Petroleum Exporting Countries' news agency. BG has already spent $600 million in the country.

The funds will be primarily spent to develop Miskar and Hasdrubal fields

BG is the largest foreign investor in Tunisia and the primary source for the country's gas requirements. It supplies 65%.

Most of the gas comes from Miskar, in the Mediterranean Gulf of Gabes, 125 km off Tunisia's coast.

Miskar has 650 million boe of gas and condensate reserves and Hasdrubal has 260 bcf of gas reserves.

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