Tunisia: DNO, Petrofac sell up

London-based Panoro Energy signed a sale and purchase agreement on 28 June for the acquisition of DNO Tunisia from Norway’s DNO ASA, while Petrofac announced the sale of its 45% interest in the Chergui licence to Perenco. Panoro will acquire an 87.5% interest and the operatorship of the Sfax Offshore Exploration Permit and Ras El Besh Concession, and a 46% stake in the Hammamet Offshore Exploration Permit operated by Medco. No cash will change hands up front; Oslo-listed Panoro concurrently raised $8.3m via a private share placement.