Middle East Economic Survey

VOL. LI

No 7

18-February-2008

CASPIAN

Lundin Petroleum Granted Drilling Permit For Morskaya-1 Well In Russian Caspian

Swedens Lundin Petroleum on 8 February said it had received a drilling permit for the Morskaya-1 well in the Lagansky Block in Russias offshore section of the Caspian Sea. Lundin, which holds a 70% stake in the exploration license, said it would begin mobilizing and installing an already constructed marine drilling complex in April 2008. Lundin said the...