LASMO TO SELL $145.5 MILLION IN UPSTREAM ASSETS

Lasmo plc, London, has agreed to sell upstream interests in the U.K., Netherlands, and Indonesia amounting to $145.5 million. That brings its total asset sales for 1992 to more than $1.5 billion. Murphy Oil Corp. bought Lasmo's 8.52% interest in U.K. North Sea Block 16/17, which contains Tiffany, Toni, and Thelma fields, for $100 million. First oil is expected mid-1993 from the Tiffany/Toni development, which holds about 160 million bbl of recoverable oil. It is operated by Agip (U.K.)

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