Lundin spuds Gobi-1 exploration well in Natuna Sea

Lundin Petroleum AB has spudded the Gobi-1 wildcat oil exploration well to test the hydrocarbon potential of Oligocene and Early Miocene stacked fluvial reservoirs in a 3-way fault dependent structure in the Jemaja basin.

The well, part of the Gurita production-sharing contract in the Natuna Sea offshore Indonesia, will be drilled and evaluated over a period of 30 days usingJapan Drilling Co.’s Hakuryu-11 jack up rig, reaching a total depth of2,400 m below mean sea level.

Lundin estimates the Gobi prospect could contain unrisked, gross, prospective resources of 25 million boe.

Lundin operates the Gurita PSC through wholly owned subsidiary Lundin Gurita BV with 90% interest (OGJ Online, Apr. 1, 2011). Nido Petroleum Ltd. holds the remaining 10%.