Lundin to resume appraisal of Morskaya in Caspian Sea
May 18, 2015
Rosnedra, the Russian licensing authority, has issued a production license for the Morskaya field within the Lagansky block in the Russian sector of the Caspian Sea.
Offshore staff
STOCKHOLM, Sweden – Rosnedra, the Russian licensing authority, has issued a production license for the Morskaya field within the Lagansky block in the Russian sector of the Caspian Sea.
LLC Petroresurs, a consortium between Lundin Petroleum and Gunvor Group, are the partners in the 50-sq km (19.3-sq mi) license which is valid until 2035.
According to Lundin,Morskaya holds resources of 175 MMboe.
Ashley Heppenstall, president and CEO, said the partners now plan a comprehensive appraisal program.