Lundin completes Gobi driling
Monday, October 27 2014 - 10:45 AM WIB
Swedish oil gas firm Lundin Petroleum AB (Lundin Petroleum) announced on Monday that the exploration drilling of the Gobi prospect in the Gurita PSC, Natuna Sea has been completed.
Gobi-1 wildcat exploration well was drilled to a final depth of 2,373 meters below mean sea level (MSL) using the Hakuryu-11 drilling rig. The well was drilled through the Miocene to Oligocene primary and secondary objectives and reached basement as planned. Gobi-1 encountered well developed sandstone reservoir, but no hydrocarbon shows were encountered and the well is being plugged and abandoned as a dry hole.
Lundin Petroleum, through its wholly owned subsidiary Lundin Gurita BV, is the operator and has a 90 percent working interest in the Gurita PSC. Nido Petroleum Limited is a partner with 10 percent working interest.
Lundin Petroleum is a Swedish independent oil and gas exploration and production company with a well balanced portfolio of world-class assets primarily located in Europe and South East Asia. Lundin Petroleum has proven and probable reserves of 194 million barrels of oil equivalent (MMboe).
Editing by Johannes Simbolon