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 (2362)	5/3/2001 8:35:33 PM
From: Tomas	Read Replies (1) \| Respond to of 2742

Petronas wins Sudan exploration contract - The Edge (Malaysia), May 3 BY JOYCELYN LEE Petroliam Nasional Bhd (Petronas), as part of a group of companies, has won an exploration and production contract in Sudan, according to newswire reports quoting a statement from the company May 3. Petronas and its partners - Sudapet Ltd, IPC Sudan Ltd and OMV Aktiengessekshaft - were awarded a contract for Block 5B onshore by the Sudanese Government. Petronas will hold a 41 per cent stake in the block while IPC and OMV will each own 24.5 per cent and Sudapet the remaining 10 per cent. "The contractor will reprocess all existing seismic data, acquire and process 1,000 line-km of new 2-D seismic data as well as drill three wildcat wells. The contractor's minimum financial commitment for the contract is USD33 million (RM125.4 million)," the statement said. Petronas is involved in four other blocks in Sudan's oil-rich Muglad Basin.