VOL. XLVI

No 18

05-May-2003

SUDAN

Lundin Petroleum Sells Block 5A Interest To Petronas Carigali

Lundin Petroleum announced on 28 April that it has agreed to sell its 40.375% working interest in Sudans Block 5A to its existing Malaysian equity partner Petronas Carigali Overseas for $142.5mn. Completion of the transaction, expected in 60 days, is subject to approval from the government and Block 5A equity partners. Block 5A is located in the Muglad Basin in southern Sudan and contains the...