Oil and gas

• Encouragement by the Tunisian State of the foreign firms to obtain prospecting and exploration permits
• Clearness of the law with a unique legal reference: Hydrocarbons Code
• No “down payment” or “initial fee” required
• Signature of a convention with the State and the Tunisian Company of the Oil Activities (ETAP)mentioning the rights and obligations of each party
• Tax imposition among most moderates in the world
• Systematic granting of the non-resident change status
• Availability in Tunisia of the various suppliers necessary to the branch: geological and geophysics services companies, interpretation of seismic studies, rigs rental, mud’s treatment, personnel logistics…