ETAP to exercise Oudna field option

The Tunisian state oil company, ETAP, will exercise its option to acquire 20% interest in Oudna field offshore Tunisia, according to Lundin Petroleum AB.

Offshore staff

STOCKHOLM, Sweden --The Tunisian state oil company, ETAP, will exercise its option to acquire 20% interest in Oudna field offshore Tunisia, according to Lundin Petroleum AB.

Oudna production began in November 2006 and average 2007 production is estimated to be 14,000 b/d of oil.

Lundin Petroleum and Atlantic Holding Norway AS each will hold 40% following ETAP's entry.

3/21/2007

More in Production