Issue No. 23
IPC Farms Out A 27.5% Interest In Sudan's Block 5A To Austria's OMV
The Vancouver-based International Petroleum Corporation (IPC) announcedon 3 June that it had reached an agreement with Austria's OMV AG, whereby OMV will acquirea 27.5% interest in IPC's Block 5A project in southern Sudan subject to final governmentapproval. Last February, IPC signed an exploration and production sharing agreement (EPSA)with the Sudan Government covering the 29,124 sq.-km....