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

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To: Tommaso who wrote (2174)	3/14/2001 9:33:45 PM
From: Tomas	Read Replies (1) of 2742

Sudan: Oil Discovered in South-west UN Intergrated Regional Information Network, March 13 The Sudanese Ministry of Energy and Mining on Monday announced the discovery of a new oil field in the south-west of the country. In a statement to the press, under-secretary Hasan Ali el Toam said the first well in the field had a "proven productivity of 4,620 barrels a day". The oil field was discovered by a consortium of companies consisting of the Austrian OMV, Swedish Lundn, the Malaysian Petronas, and Sudapet of Sudan, news agencies said. Sudan had a target production of 400,000 barrels of oil a day by the end of this year, a Sudanese official told IRIN. With this new discovery that target "could be surpassed" he said. The new find is near another oil field already producing oil. The official described the new oil field as being in Northern Sudan on the border with the south. International human rights organisations and humanitarian workers say that massive displacement has been caused by government troops and pro-government militia moving populations away from prospective oil fields.

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