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Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden)

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To: Tomas who wrote (1473)	1/27/2000 3:25:00 PM
From: Greywolf	Read Replies (1) of 2742

Sudan - Drilling Takes Off In New Oil Field January 26, 2000 KHARTOUM, Sudan (PANA) - Oil drilling has started in a newly discovered oil field in the Unity State, south Sudan, with a view to promoting its productivity, the official media reported Wednesday Called A5 Field, the area was found to contain oil in commercial quantities in mid 1999. Unconfirmed reports put the field's reserve at 250 million barrels. Prospecting in the area is undertaken by International Petroleum Company, based in Sweden. Construction work has started on a 90-km land road linking the field with Bentiu oil fields to the north of it. Addressing a celebration to signal the beginning of digging operations and road construction, the country's energy minister, Awad el Jaz urged the local population to help company's "staff accomplish their mission." Sudan's confirmed oil reserve was put at 800 million barrels from the Bentiu field and Higleg field in the nearby West Kordofan state.

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