Nido Petroleum is a wholly owned subsidiary of Bangchak Corporation, a Multinational Energy Company.

PSC - Gurita

indonesia-full Gurita
Project: Gobi
Location: West Natuna Basin, offshore Indonesia.
Working interest 10.0%
Operator Lundin Petroleum
Area 801,800 hectares
Brief description: Located in shallow water depths of 80m or less, the PSC has a number of major oil and gas discoveries adjacent to it such as the Belida Field to the north east which had ~350MMbbl reserves and reached peak production of around 140,000bopd. There is also the Sembilang Field to the east with reserves of 30MMbbls that produced at around 7,200bopd
Recent activity:
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.