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

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To: Oily1 who wrote (838)	12/24/1998 7:26:00 AM
From: Tomas	of 2742

The Falklands: Borgny Dolphin in Argentina Mercopress News Agency 22/12/98 Having cleared all the necessary paperwork the "Borgny Dolphin" drilling rig is finally on its way from the Falklands/Malvinas to Argentina and should begin operating for the French company Total off Tierra del Fuego. Apparently the rig will be drilling a shallow well for the French company, a job that will take at the most three weeks. Once that is over the most certain destination for the "Borgny Dolphin" is back to the North Sea. A few days later, a Bristow support helicopter left from the islands for Río Grande, from where it will co-ordinate operations with the rig. The flight became a historic event since it's the first time since 1982 that there's a direct link between the Islands and Argentina. The "Borgny Dolphin" drilled six wells in the Falklands north basin for Amerada Hess, Shell, IPC and Lasmo. Total and YPF operate huge reserves of hydrocarbons, mainly natural gas in the Tierra del Fuego area. falkland-malvinas.com

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