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All systems go at Morskaya-1
By Upstream staff
Swedish independent Lundin Petroleum has been given the green light to drill the Morskaya-1 exploration well, on the Lagansky Block in the Russian sector of the Caspian Sea.
Lundin s plans to start installing the marine drilling complex in April. Drilling will start after a sign-off on its installation from authorities.
The gross unrisked prospective resource for the Morskaya prospect is estimated at 640 million of barrels of oil equivalent.
Lundin holds 70% of Lagansky, with Gazprom havign an option to take a 50% plus one share stake.
Friday, 08 February, 2008, 12:01 GMT | last updated: Friday, 08 February, 2008, 12:01 GMT
