Horizon said the operation involves the deepening of an existing well by 700 m to a total depth of 4250 m and should take approximately 25 days to complete.
The primary targets are zones of Triassic and Paleozoic age that produce prolifically in Tunisia as well as in neighbouring Algeria and Libya.
Mean reserves potential is estimated to be 600 billion cubic feet of gas, with upside of several trillion cubic feet. Horizon is operator and will have a 14.29% interest in the prospect with an option to increase this interest to 21.79% after the well is drilled.
