Petronas acquires interest in Iranian well
  by: OilOnline
  Tuesday, December 10, 2002

Malaysian oil concern Petronas acquired an interest in the onshore Munir block in Iran from Edison International and Lundin (Munir) Ltd. Under the farm-in transaction, Petronas Carigali Overseas now owns a 30 percent stake in the block while Edison and Lundin have 40 percent and 30 percent stakes, respectively. The Munir block is located in Iran's Zaghros Fold Belt, one of the world's most oil prolific sedimentary basins. Operations in the blocks are ongoing with the acquisition of 2-D seismic data. Exploratory drilling is expected to begin around the second half of 2003.

Petronas is involved in development of Iran's South Pars 2 and 3 gas fields, which came on stream earlier this year. TotalFinaElf is operator of these fields.

New & Expanding Business sponsored by Cameron