Enterprise Oil Receives Approval From ANP

Enterprise Oil reports that its Bijupira and Salema project in Brazil has received approval from the Brazilian licensing authority, the ANP.

The project is now sanctioned and is progressing on schedule, with drilling operations planned to start in the next few weeks. First production is expected in the third quarter of 2003.

Enterprise assumed operatorship of the Bijupira and Salema project following a farm-in to the fields completed in May 2000, and has established itself as a key player in Brazil's newly opened oil and gas industry over the last eighteen months.


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