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

To: Tomas who wrote (1869)	10/14/2000 8:03:42 AM
From: Tomas	Read Replies (1) \| Respond to of 2742

Robertson Research is bullish on Libya Middle East Economic Digest, October 13 Ten international oil companies hay commissioned Robertson Research International of the UK to produce report on the country's undiscovered recoverable hydrocarbons potential. State owned oil operator National Oil Corporation (NOC) estimates the country's recoverable hydrocarbon reserves to be anything up to 3 million million cubic metres (equivalent to 1.5 trillion cubic feet). The best opportunities for international companies are in exploiting the country's new acreage, most of which is covered by Robertson, analysts say. The report follows NOC's release this summer of 70 per cent of new acreage fob development and exploration. More than 40 companies attended a meeting in May outlining the new licences available. No deadline has been given but sources al NOC confirm a number of companies have already submitted applications (MEED 18:8:00). The report is based on the analysis of the Sirte, Murzuq, Kufra, Chadames, Cyrenaica and Palagian basins. Robertson has used existing US Geological Survey data with some new testing on basin depth and source rock maturity in the study Most of the onshore potential is within the Sirte basin which Robertson says has no geological analogue in the region. The report is also upbeat about the potential of deep water and shallow water offshore exploration. If basin trends continue onto the Mediterranean shelf, then "offshore would warrant significant investment", Robertson's technical manager Eugene Iwaniw told MEED. Following Libya's years of isolation, Robertson is concerned by the lack of pipeline infrastructure and the neglect of existing facilities in the country. Robertson says the exploitation of substantial hydrocarbon reserves Robertson says will depend on the speed and level of investment international companies are prepared to commit.

To: Tomas who wrote (1869)	10/18/2000 8:33:26 AM
From: Tomas	Read Replies (1) \| Respond to of 2742

Malaysia's National Oil Company to Develop More Fields in Sudan KUALA LUMPUR, October 18 (AP) - Malaysia's national oil and gas corporation Petronas said Wednesday that one of its subsidiaries was awarded a contract to develop more oil fields in Sudan. OGP Technical Services was appointed project manager for the second phase of the Muglad Basin Oil Development project in the African nation, it said. The company is expected to manage the engineering and construction of facilities for the development of two oil fields in Sudan, namely Munga and Bamboo, Petronas said. When the second phase is completed in mid-2002, the project is expected to produce 50,000 barrels more than its current daily output of 185,000 barrels of crude. Phase one of the project, also managed by OGP, was completed in mid-1999. The contract was awarded to Petronas' unit by the Greater Nile Petroleum Operating Company Ltd., which is a consortium of China National Petroleum Corporation, which owns a 40 percent stake; Petronas, which owns 30 percent; Talisman Energy Corporation with 25 percent; and Sudapet Ltd. with 5 percent.