Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden) -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (1648)	5/10/2000 11:44:00 AM
From: Tomas	Read Replies (1) \| Respond to of 2742

Lundin Oil: Malaysia/Viet Nam project underway - World Oil Magazine, May issue Readers will notice that this month's issue includes our feature article on Malaysian E&P. While that article is rather comprehensive, it does not include mention of one project that was omitted, due to uncertain timing on a final decision. After the article went to press, Lundin Oil did announce that its $620-million Phase 2 development of offshore Block PM3-CAA in the Malaysia-Vietnam Commercial Arrangement Area has begun. In partnership with Petronas-Carigali and Petrovietnam, Lundin's Phase 2 development of five oil and gas fields includes a central production platform (CPP) on Bunga Kekwa field, plus satellite platforms on Bunga Raya, Bunga Orkid and Bunga Pakma fields. Wellstreams from those fields will be transported by pipeline to the CPP via a separate wellhead riser platform (WHRP). Processed oil and condensate will be commingled and evacuated via the WHRP to an FSO vessel anchored about 1 mi away. Processed gas also will be moved from the WHRP to a gas export pipeline. A Lundin management team has engaged a contractor to provide detailed drawings and specifications by the end of August. In addition, detailed specs are being developed for a 130,000-dwt FSO, for which tendering of the hull should occur by midyear. If all project sectors stay on schedule, first gas production should be achieved by third-quarter 2003. worldoil.com

To: Tomas who wrote (1648)	5/25/2000 8:47:00 PM
From: Tomas	Read Replies (1) \| Respond to of 2742

Malaysia: 12% Rise in Power Consumption in 2000 KUALA LUMPUR, May 10 Asia Pulse - Utility giant Tenaga Nasional Bhd (KLSE: TENA) has estimated a 12-percent growth in power consumption this year due to the significant surge in demand after having bottomed out in late 1998. Its executive chairman and president, Dr Ahmad Tajuddin Ali, said TNB recorded a peak in power consumption of 9,445 megawatts and the highest daily consumption of 190 gigawatts yesterday versus 8,000 megawatts and 150 gigawatts at end-1998 respectively. (Bernama)