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

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To: Tomas who wrote (1936)	12/4/2000 10:09:01 PM
From: Tomas	Read Replies (1) of 2742

Libya: Energy analysts Woodmac forecast greatly increased activity in the Libyan upstream industry. Recent licensing of no less than 96 blocks attracts worldwide interest from both oil majors and independents….14 blocks already reserved by companies as yet unnamed….US majors showing interest include Amerada Hess, Chevron, Conoco and ExxonMobil. Conoco report their Libyan assets still in good shape and awaiting further development. LASMO's Elephant field poised to start production. Recent report from consultants Robertson names Libya as the oil industry's No. 1 country for new exploration, development and production. Political developments along with world-class prospectivity propel Libya from 20 th position in 1988 to top place. Source: oilgasnafrica.co.uk

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