Gobi-1 is a wildcat oil exploration well designed to test the hydrocarbon potential of Oligocene and Early Miocene stacked fluvial reservoirs in a 3-way fault dependent structure in the Jemaja Basin.
Lundin Petroleum estimates the Gobi prospect to have the potential to contain unrisked, gross, prospective resources of 25 million bbls of oil equivalent. The planned total depth is 2400 m below mean sea level (MSL) and the drilling and evaluation is expected to take approximately 30 days using the Hakuryu-11 rig.
Lundin Petroleum, through its wholly owned subsidiary Lundin Gurita BV, is the operator and has a 90% working interest in the Gurita PSC. Partner is Nido Petroleum Limited with 10% working interest.
The second appraisal well drilled by Lundin Petroleum, 16/2-7, has confirmed the extension of the Avaldsnes field approximately 5.5 km south of the 16/2-6 discovery well and 4.5 km south-west of the first appraisal well 16/3-4.