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

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To: Tomas who wrote (1869)	10/18/2000 8:33:26 AM
From: Tomas	Read Replies (1) of 2742

Malaysia's National Oil Company to Develop More Fields in Sudan KUALA LUMPUR, October 18 (AP) - Malaysia's national oil and gas corporation Petronas said Wednesday that one of its subsidiaries was awarded a contract to develop more oil fields in Sudan. OGP Technical Services was appointed project manager for the second phase of the Muglad Basin Oil Development project in the African nation, it said. The company is expected to manage the engineering and construction of facilities for the development of two oil fields in Sudan, namely Munga and Bamboo, Petronas said. When the second phase is completed in mid-2002, the project is expected to produce 50,000 barrels more than its current daily output of 185,000 barrels of crude. Phase one of the project, also managed by OGP, was completed in mid-1999. The contract was awarded to Petronas' unit by the Greater Nile Petroleum Operating Company Ltd., which is a consortium of China National Petroleum Corporation, which owns a 40 percent stake; Petronas, which owns 30 percent; Talisman Energy Corporation with 25 percent; and Sudapet Ltd. with 5 percent.

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