Project Profile
Value: Undisclosed
Location: Natuna Sea, offshore Indonesia
Area: 8,018 km2
Start-up Year: -
Lundin Petroleum AB (Lundin Petroleum) has been awarded a production sharing contract (PSC) for the Gurita Block by MIGAS, the Indonesian oil and gas regulating authority, in Jakarta on 18 March 2011. The block is located in the Natuna Sea, offshore Indonesia. The Gurita Block covers an area of approximately 8,018 km2. The Gurita PSC lies adjacent to the main oil and gas producing area in the Natuna Sea and contains a portfolio of exploration opportunities that will be further delineated by the planned 3D seismic acquisition programme. Lundin Petroleum holds a 90% interest in the block after Nido Petroleum farmed in 10% interest in July 2013. During the first three year exploration phase Lundin Petroleum plans to shoot 400km2 of 3D seismic.
Operators:
Lundin Petroleum: Operator with 90% interest
Nido Petroleum: 10% interest
Contractor:
Japan Drilling: Drilling contractor using Hakuryu 11 jackup