The Gurita PSC is located in the Penyu Sub-Basin in water depths of 80m or less and has a number of major oil and gas discoveries adjacent to it such as the Belida Oil Field to the north east (operated by ConocoPhillips). The Operator, Lundin Gurita BV drilled the Gobi-1 well in late 2014. The well was drilled to a Total Depth of 2,404 meters (TD) Measured Depth of 2,373 metres TVD subsea. The well penetrated the Miocene to the Oligocene primary and secondary reservoir objects and reached the Basement as planned.
Although well developed sandstone reservoirs were encounted no hydrocarbon shows were present and the well was therefore plugged and abandoned as a dry hole.