Lundin Petroleum has commenced the exploration drilling in the Baronang PSC, Natuna Sea, Indonesia using the drilling rig Hakuryu 11. Balqis-01 will be followed by a sidetrack, Boni-01.
Balqis-01 is a wildcat oil exploration well designed to test the hydrocarbon potential of Tertiary sands draped over a prominent Basement high. The main objectives of the well 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 million barrels of oil equivalent (MMboe). The planned total depth is 2,130 metres below mean sea level (MSL) and the drilling and evaluation is expected to take approximately 20 days.