2008: EPSA II
On 27/8/2008, the company has signed a new EPSA related to the “7th of November” Block with Canadian Superior Energy Inc. as an Operator. The EPSA is augmented with a Swap Agreement by which Joint Oil acquired a 3% overriding royalty in the Mariner Block owned by the Canadian company.
1997: EPSA I
The company has signed on 5/5/1997 an EPSA related to the “7th of November “ Block with Nimir Consortium and Nimir Petroleum as an Operator. The EPSA has lasted six years (one Exploration Period of five years plus one-year extension).
1988: Company Establishment
Joint Oil has been established under the international convention concluded between the Great Jamahiriya and the Republic of Tunisia on 8/8/1988 and equally owned by the “Entreprise Tunisienne d’Activités Pétrolières” and the “Libya Oil Holdings Ltd”. The company was granted the “7th of November” Block where seismic surveys, geological studies on the Block and the surrounding areas as well as the recent exploratory operations on the Block have led to map several geological structures and enabled identifying a number of significant leads and prospects.