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

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To: Tomas who wrote (2360)	5/3/2001 8:21:23 PM
From: Tomas	Read Replies (1) of 2742

OMV Signs Shared E&P Deal for Oil in Sudan VIENNA, May 3 (Reuters) - Austrian oil and gas group OMV AG said on Thursday it had signed an exploration and production sharing agreement for "the highly prospective" Block 5B onshore in Sudan. Joining OMV in the consortium are Petronas Carigali Overseas SDN BHD of Malaysia with 41 percent interest, Sweden's Lundin Muglad Limited (24.5 percent) and Sudan's Sudapet (10 percent). Block 5B covers an area of 20,119 square km in the Muglad Basin in southern Sudan. OMV is already active in neighbouring Block 5A. "This agreement expands OMV's position in the world class Muglad hydrocarbon basin where substantial oil reserves have been proven and currently more than 200,000 barrels oil per day are being produced in the neighouring blocks 1 and 2," said Gerhard Roiss, in charge of OMV's exploration and production.

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