Drilling has completed on Lundin Petroleum's Gobi-1 wildcat in the Gurita production sharing contract (PSC), located off Indonesia in the Natuna Sea’s West Natuna basin. The prospect is being plugged and abandoned after failing to find hydrocarbons.
Drilling on Gobi-1 reached a final depth of 2373m below mean sea level. Using the Keppel Fels KFELS Super B Class Hakuryu-11 cantilever rig, the well was drilled through the Miocene to Oligocene primary and secondary objectives.
Lundin began drilling on 13 October with the Gobi-1 well, which was designed to test the potential within stacked fluvial reservoirs in a 3-way fault dependent structure in the Jemaja basin. The Stockholm-based explorer said in the statement that drilling was expected to continue for 30 days on the Gobi prospect, which was estimated to contain gross, prospective resources of 25MMboe.
Lundin said, however, the well did encounter a developed sandstone reservoir.
The Gurita PSC covers 801,800 hectares in water depths of around 80m.
Following the 27 October news, Nido Petroleum requested and received an immediate trading halt from the Australian Securities Exchange (ASX) “pending the release of an announcement to the market concerning the drilling results at the Gobi-1 well, Gurita PSC, offshore Indonesia.” The ASX granted the hold until trade opens on 29 October, pending the announcement.
Lundin Petroleum, through its subsidiary Lundin Gurita, is the operator with a 90% working interest in the Gurita PSC. Partner Nido Petroleum holds the remaining 10%.
Map of the Gurita PSC from Nido Petroluem.
Read more:
Subscribe
