Lundin Petroleum AB has secured a production license and said it is preparing a full appraisal plan for its Morskaya discovery on the Lagansky block in the Caspian Sea offshore Russia.
The company reported the discovery in 2008, saying its Morskaya-1 exploratory well encountered a large oil accumulation in Aptian and Neocomian sandstones and small amounts of natural gas in overlying Albian strata (OGJ Online, July 4, 2008). The well was drilled to 2,082 m in less than 2 m of water.
The license, valid until 2035, covers 50 sq km. Lundin estimates gross contingent resources at 157 million boe.
Field owner is LLC Petroresurs, in which Lundin Petroleum holds a 70% interest. Gunvor Group holds the remaining interest.
