Area Drilling

AlbaniaLundin Petroleum AB, Stockholm, said Preussag Energie GmbH, Lingen, Germany, took a farmout of a 331/3% interest in blocks D and E in Albania, subject to National Petroleum Agency approval.Lundin, through its subsidiary Coparex Netherlands BV acquired earlier this year, will remain operator of the blocks with 662/3% interest.Drilling on the South Tirana prospect, a large subthrust play for Ionian carbonates expected at 4,500 m, is to start in 2003. The structure has more than 35 sq km of closure. Lundin has acquired more than 300 km of 2D seismic on the blocks, which total 1,391 sq km.Bulgaria Melrose Resources PLC, London, began awarding contracts for the $52 million development ...

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