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Lundin spuds exploration well in Gobi prospect

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Oilfield Technology,

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.

Adapted from a press release by David Bizley

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