Lundin Petroleum will plug and abandon an exploration well drilled in the Natuna Sea offshore Indonesia after hitting a target reservoir but no oil or gas.

Lundin said its Balqis 1 well in the Baronang Production Sharing Contract (PSC) license offshore Indonesia encountered the target Oligocene Upper and Lower Gabus formation sandstones with a well-developed reservoir but no hydrocarbons were present.

Balqis 1, which reached basement at a total depth of 2,109 m (6,917 ft) below mean sea level, will be plugged and abandoned, and a side-track well, Boni 1, will be drilled targeting another play 800 m (2,624 ft) west of Balqis 1 well. A predrill estimate suggests Boni 1 could contain up to 55 MMboe.

Lundin operates the PSC with 85%, partnered by Nido Petroleum.