Gulfsands Exiting Tunisia’s Chorbane License

Monday, July 17, 2017

Gulfsands Petroleum has terminated its activities in Tunisia and plans to leave the North African country permanently. The decision follows unsuccessful efforts to find a partner for its Chorbane license.

The company had until July 12 to find a partner to develop the license.

The company needed a partner capable of advancing its objectives on the license, unfortunately an acceptable partner was not forthcoming and Gulfsands chose not to apply for a further extension of its contract.

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