Russia

Oct. 16, 2009
Lundin Petroleum AB, Stockholm, has spud the Petrovskaya-1 exploratory well on the Lagansky block in the northern Caspian Sea off Russia.

By OGJ editors
LONDON, Oct. 16
– Lundin Petroleum AB, Stockholm, has spud the Petrovskaya-1 exploratory well on the Lagansky block in the northern Caspian Sea off Russia.

The well is on a fourway dip closure on trend, updip, adjacent to the northwest of the company’s giant Morskaya oil discovery in less than 2 m of water. The area is just shoreward from Korchagin oil field, which OAO Lukoil is preparing to place on production in early 2010 (see map, OGJ, Aug. 11, 2008, p. 34).

Petrovskaya-1 is to go to 2,100 m and targets Lower Cretaceous sandstones. Gross unrisked prospective resource is estimated at 300 MMboe.

Morskaya field, which Lundin Petroleum discovered in 2008, was the Lagansky block’s first significant identified structure with an estimated gross, recoverable resource of 230 MMboe in Aptian and Neocomian (Lower Cretaceous) sandstones.

Lundin Petroleum has a 70% interest in the 2,000-sq-km Lagansky block, the license to which has been extended until 2014.