Lundin Petroleum

Drilling began on the Balqis-01 exploration well in the Baronang PSC, Natuna Sea, Indonesia. The main objectives of the well are the Oligocene fluvial sandstone reservoirs in stacked four-way dip closures. Lundin Petroleum estimates the Balqis prospect potentially contains unrisked, gross, prospective resources of 47 MMboe. Lundin, through its wholly owned subsidiary Lundin Baronang (90%), is the operator, with partner Nido Petroleum (10%).


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