|
|
Article: Swedish Lundin sells East Africa interests after negative results in Sudan.
- Article from:
- Sudan Tribune (Sudan)
- Article date:
- February 9, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
February 7, 2009 (LONDON) a" Swedish oil explorer, Lundin Petroleum AB announced the selling of its investments in eastern Africa following its negative drilling results in southern Sudan.
Block 5B
Lundin Petroleum announced on February 5 the signing of an agreement for the sale of its wholly owned subsidiaries, Lundin East Africa and Lundin Kenya to Africa Oil Corporation ("Africa Oil"). Lundin East Africa covers Ogaden Basin, southern Ethiopia and the Adigala Area in northern Ethiopia. Lundin Kenya holds interest in the Anza Basin region in the northwest of Kenya. Also, the contract includes unexploited fields in Somalia due to the political situation ...