Valkyries specialises in oil and gas projects in Russia. It has interests in the Sotchemyu-Talyu Field in the Komi Republic, the Caspian Field in the Kalmykia Republic, the Ashirovskoye producing field in Orenburg and the Lagansky exploration block offshore in the Caspian Sea.
Lundin Petroleum said it hoped to create a new core area in Russia for itself by building on the existing Valkyries asset base and growing further through acquisitions.
