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Lundin Drilling is Part of Indonesia's 2014 Plan

By MarEx 2014-02-21 19:04:00

Lundin Petroleum has commenced exploration drilling in the Natuna Sea, Indonesia using the drilling rig Hakuryu 11. 

Lundin estimates the Balqis prospect being drilled 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.

Indonesia’s upstream oil and gas industry intends to conduct 206 drillings of exploration well in 2014, says acting chairman of SKK Migas J. Widjonarko.

“All of the exploration well drillings planned are expected to be realized, as opposed to the previous year where only approximately 130 exploration well drillings were carried out,” Widjonarko said.

In addition to the 206 exploration well drillings, the upstream oil and gas industry also plans to conduct 49 survey and seismic operations this year. This involves 2D seismic surveys of 9,020km and 3D seismic surveys of an area of 11,633km2.