Lundin to Drill Gobi-1 Well in Gurita PSC in West Natuna in Late September

Australia's Nido Petroleum Limited, an oil and gas exploration and production company focused on Southeast Asia, revealed Thursday that the Operator of the Gurita production sharing contract (PSC) in West Natuna Basin, offshore Indonesia, Lundin Gurita BV -- a subsidiary of Lundin Petroleum B.V. -- has indicated that the drilling rig for the Gobi-1 well will become available to the Joint Venture in September. 

"On the basis of Operator's advice, the Company now expects to spud the well in later September," Nido said in a press release.

Nido currently has a 10 percent working interest in the Gurita PSC after farming in to the block in June 2013. The company also acquired 10 percent stake in Baronang and Cakalang PSCs, both located in the West Natuna Basin, from Lundin.



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