SPM Spg Media

RNS Number:8248K
Sodra Petroleum AB
18 May 2000


                        SODRA PETROLEUM AB


Sodra Petroleum AB announces that its parent company, Lundin Oil
AB ("Lundin") has today issued the following announcement:-

 Lundin Oil AB Announces Recommencement of Exploration Activities
                        in Onshore Albania

Lundin  Oil  AB ("Lundin Oil") is pleased to announce  that  Force
Majeure has been lifted as of April 15, 2000 on 2 of the 3  blocks
onshore  Albania  in  which it is currently a  partner.  Under  an
agreement  reached with the Albanian government, Blocks  2  and  3
will  have Force Majeure lifted while Block A will remain in Force
Majeure  for the present time. The blocks were awarded in June  of
1998  and  have been in Force Majeure since December of that  same
year.  The group includes a subsidiary of Occidental International
Exploration  and Production Company ("Oxy") with 50%,  Forest  Oil
Albania  ("Forest")  with  30% and Lundin  Oil  subsidiary  Lundin
Albania Limited with 20%. Oxy is operator for the group.

Preparations are underway to commence drilling operations  in  the
4th  quarter of 2000 on the Shpiragu prospect (formerly  known  as
Sqepuri) in Block 2 which is a large sub-thrust structural feature
with  over  3,000  metres of vertical closure. Several  additional
large  leads have been identified on existing seismic and  landsat
images.

The  blocks  are  located within and on trend  with  the  previous
petroleum  system in Albania where an estimated 1 billion  barrels
of recoverable reserves have been discovered. Most of the existing
oil  fields in Albania are located within the boundaries of Blocks
2  and  3.  The current producing area of these fields  have  been
excluded  from the permits, however, rights to deeper  exploration
objectives below these fields are included.

Lundin   Oil   is  a  Swedish  company,  exclusively  engaged   in
international oil and gas exploration and production. Lundin Oil's
shares are listed on the Stockholm Stock Exchange (symbol "LOILB")
and on NASDAQ (symbol "LOILY").

                                 
             For further information, please contact:
                           Ian H. Lundin
                             President
                       Tel: +41 22 319 6600
                                 
                           Magnus Nordin
                       Tel: +46 8 440 54 50
                                 
                      Millham Communications
                   Simon Rothschild/Judith Parry
                        Tel: 020 7256 5756
                                 
Notes for editors:

1.   Lundin is the parent company of Sodra by virtue of its
holding of 40,506,500 Ordinary Shares of SEK0.05 each.  The
40,506,476 Convertible Shares of SEK0.05 each in Sodra listed on
the AIM market are effectively convertible into the right to
subscribe for B Shares in Lundin in November 2001.  Upon exercise
of the conversion right, for every 12 Convertible Shares, the
holder will receive a warrant to subscribe for 1 new Lundin B
Share at the nominal value of SEK0.50.

2.   Convertible Shares in Sodra are also listed on the New Market
of the Stockholm Stock Exchange.  Lundin B Shares are currently
quoted on the Stockholm Stock Exchange, Toronto Stock Exchange and
the Nasdaq National Market.
                                 


END

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