1949-02-18

Processing

• The Union was transformed by Company ''Research and Exploitation of Petroleum in Tunisia '' February 18, 1949 . the Company kept the same acronym SEREPT the union.
• Union act states that the Union shall be :
  • Perform all research work or studies in oil permits or concessions ,
  • Possibly create , if discovered one or more operating companies,
• Underwriters have decided to exploration by the Union and form societies for the activity exploitation.

• Company : :
  • Has the same acronym as the Union ' SERPT.
  • Replaces the Union in all its rights and obligations.

• Well Cap Bon started 1 in February 1948 showed interesting clues to from 1460 m ( September 1948 ).
• Members gathered in AGE 16 October 1948 Union , decided of :
  • Contribution of assets to the Union company anonymous training.
  • Union into liquidation the date of such contribution.