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Upstream

Gunvor has made select investments in exploration, appraisal, development and production assets as a part of its strategy.

Gunvor has made select investments in exploration, appraisal, development and production assets as a part of its strategy.

Gunvor has made select investments in exploration, appraisal, development and production assets as a part of its strategy of diversifying along the energy supply chain. Our expertise in both finance and the oil and gas sector contribute to the realization of overlooked or undervalued upstream opportunities.

Upstream
Lagansky Block
We hold an indirect interest in the Lagansky Block license through a joint venture with Lundin Petroleum AB. Acquired in 2009, it was our first investment in oil exploration.

The Lagansky Block is an offshore area located in the Russian sector of the Caspian Sea. Contained within the license area is the Morskoye discovery, which has best estimate gross contingent resources of 157 MMboe.
Gunvor Resources
To increase the scope and geographic diversity of our upstream capabilities we have made a strategic investment in Gunvor Resources.

Gunvor Resources is an international oil and gas group that conducts exploration, development and production of oil and gas assets. It has proven oil production in West and North Africa.