Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Gulfsands, ADX Suspend Drilling in Tunisia After Finding Gas

Don't Miss Out —
Follow us on:

Sept. 8 (Bloomberg) -- Gulfsands Petroleum Plc, a U.K. explorer operating in the Middle East and the U.S., said partner ADX Energy Ltd. suspended drilling at the Lambouka-1 well offshore Tunisia after discovering natural gas.

“As a result of down-hole problems, no fluid samples or gas flow could be established,” London-based Gulfsands said in a statement today. “Suspension will allow re-entry at a later date and provide the best opportunity to minimize rig time and maximize reservoir information.”

The well was drilled by ADX, the operator of the Kerkouane offshore license, in which Gulfsands has agreed to buy a 30 percent stake. The explorer owns two adjacent permits southwest of Sicily and northeast of Tunisia covering an area of 4,500 square kilometers (1,737 square miles).

To contact the reporter on this story: Kari Lundgren in London at klundgren2@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.