Offshore staff
STOCKHOLM, Sweden – Lundin Petroleum AB has begun exploration drilling in the Baronang PSC, Natuna Sea, Indonesia, using the drilling rig Hakuryu 11. Balqis-01 will be followed by a side track, Boni-01.
Balqis-01 is a wildcat designed to test the Tertiary sands draped over a prominent basement high. The main objectives are Oligocene fluvial sandstone reservoirs in stacked four-way dip closures. Lundin Petroleum estimates the Balqis prospect to have the potential to contain unrisked, gross, prospective resources of 47 MMboe. The planned total depth is 2,130 m (6,988 ft) below mean sea level (MSL), and the drilling and evaluation is expected to take approximately 20 days.
The drilling of Balqis-01 will be followed with the drilling of Boni-01 as a side track to the Balqis-01 vertical well with an offset distance from Balqis-01 (at TD) of 820 m (2,690 ft). Boni-01 is designed to test the hydrocarbon potential of early to late Oligocene fluvial sandstone reservoirs in stacked stratigraphic traps against a prominent basement high.
Lundin estimates the Boni prospect has the potential to contain unrisked, gross, prospective resources of 55 MMboe. The planned total vertical depth is 2,300 m (7,546 ft) below MSL, and the drilling is expected to take approximately five days.
Lundin Petroleum, through its wholly owned subsidiary Lundin Baronang BV, is the operator and has a 90% working interest in the Baronang PSC. Partnering is Nido Petroleum Ltd., with a 10% working interest. Lundin operates five PSCs in Indonesia, namely Baronang, Cakalang, Gurita, South Sokang, and Cendrawasih VII.
02/17/2014
