Hakurya-11 Commences Mobilization to Gobi-1 Well in Indonesia's Gurita PSC

Australia's oil and gas exploration and production firm Nido Petroleum Limited (Nido or the Company) disclosed Wedenesday that it has been advised by Lundin Gurita B.V., Operator of the Gurita Production Sharing Contract (PSC)  in West Natuna Basin, offshore Indonesia, that the jackup Hakuryu 11 (425' ILC) has commenced mobilization to the Gobi-1 well location.

Nido will update the market once the Hakuryu-11, owned by Japan Drilling Co. Ltd., commences drilling operations at the Gobi-1 well.

Nido currently has a 10 percent working interest in the Gurita PSC, with Lundin Gurita, a subsidiary of Sweden's Lundin Petroleum A.B., holding the remaining 90 percent interest in the offshore block.


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