VOL. XLI

No. 15

13-April-1998

LIBYA

Lundin Oil Announces Oil Appraisal Program In Libya Block NC-177

Lundin Oil AB (known previously as Sands Petroleum AB) of Stockholm announced on 7April that it will begin a two-well appraisal program this summer in the onshore Libyanblock NC-177. A statement released by the company said: "Our technical view of theLibya discovery has established that the En Naga North field contains recoverable reservesof approximately 84mn barrels of oil (64.3mn barrels net...