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Lundin makes Caspian strike

Lundin makes Caspian strike
LUNDIN Petroleum's Caspian Sea Morskaya-1 discovery well in the Russian sector has been successfully tested at a combined flowrate of 2,500 barrels per day of 32 deg API oil.

LUNDIN Petroleum’s Caspian Sea Morskaya-1 discovery well in the Russian sector has been successfully tested at a combined flowrate of 2,500 barrels per day of 32 deg API oil.

Lundin said two drillstem tests were conducted. The Neocomian formation was perforated over a seven-metre interval and tested at a stabilised rate of 1,700bpd of oil at a

The Aptian formation was perforated over a 21m interval and tested at a stabilised rate of 800bpd of oil at a

The company said that, due to time constraints associated with the North Caspian drilling season, the shallower gas-bearing Albian reservoir would be tested in future appraisal wells.

Lundin said flowrates were severely constrained by facilities and that larger rates would be possible during development.

The Morskaya block discovery is on trend with several major oil&gas discoveries made by Lukoil in the Russian sector and Lundin believes there is significant additional prospectivity.

Lundin is scheduled to shift its so-called Marine Drilling Complex to the Laganskaya-1 drillsite, where drilling is expected to begin at the end of September. The company plans to follow this with another two wells in 2009.

Petrovskaya-1 will be targeting a large anticline to the north-west and on trend with the Morskaya discovery, and the second well will most likely be an appraisal well of the Morskaya discovery.

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