ATOG25 Nov 2021 04:49
Tunisia: Ministry of Industry cancels two hydrocarbon exploration permits
24-11-2021
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The Ministry of Industry, Mines and Energy has just canceled hydrocarbon exploration permits, under orders published in the latest edition of the Official Journal.
Thus, the hydrocarbon exploration permit, known as the "South Remada" permit, is canceled, by virtue of the decree of October 27, 2021.
Is canceled from August 20, 2021, the hydrocarbon exploration permit called permit "South Remada" instituted by the order of the Minister of Industry, Energy and Small and Medium Enterprises of September 15, 2005, indicates its first article.
The Tunisian Company of Petroleum Activities and the company "ATOG Sahara Limited" have forfeited their respective rights from the hydrocarbon exploration permit known as the "South Remada" permit.
The company "ATOG Sahara Limited" is liable for a compensatory indemnity of three million two hundred thousand dollars (3.2 million dollars) for work commitments not carried out on the hydrocarbon exploration permit known as the "South Remada" permit such as defined in article 5 of the specifications annexed to the special agreement relating to the said permit.
The company "ATOG Sahara Limited" is required to restore the surfaces of the research permit canceled by virtue of this decree to their initial state, in accordance with the laws and regulations in force as well as with international standards and conventions. ratified by the Tunisian state.
The Hydrocarbons Advisory Committee had decided at its meeting on June 22 and 23, 2021 to cancel the “Sud Remada” exploration permit and to include it in the list of free blocks, after finding that the term had expired. time limit set in the letter of formal notice sent to the company "ATOG Sahara Limited", without it having presented the required bank guarantee.
Cancellation of the "Jenein Center" permit
A second decree from the same minister cancels the hydrocarbon exploration permit known as the "Jenein Center" permit.
As of August 20, 2021, the hydrocarbon exploration permit known as the "Jenein center" permit, dating back to April 23, 2010, is canceled.
The Tunisian Company of Petroleum Activities and the company "ATOG Sahara Limited" have forfeited their respective rights from the hydrocarbon exploration permit known as the "Jenein center" permit.
The company "ATOG Sahara Limited" is liable for a compensatory indemnity of six (6) million dollars for work commitments not carried out on the hydrocarbon exploration permit known as the "Jenein Center" permit as defined in the article 5 of the specifications annexed to
the special agreement relating to the said permit.
It is, moreover, required to restore to the initial state the surfaces of the research permit canceled by virtue of this decree, and this, in accordance with the laws and regulations in force as well as with international standards and conventions ratified by the
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