LAGANSKY BLOCK
(CASPIAN SEA)
OLÆUM ENERGY
(AFRICA)
Lagansky Block (Caspian Sea)
We invested in a non-controlling stake (30%) in
the Lagansky Block area located offshore in the
Russian sector of the Caspian Sea.
The Lagansky Block exploration license was
granted in 2004 and is operated by Lundin
Petroleum’s Russian subsidiary LLC PetroResurs.
Olæum Energy (Africa)
In early 2011 the group established a joint venture
specialised in exploring upstream opportunities.