The well, which is expected to take around 20 days for drilling and evaluation, has the planned total depth of around 2,130m.
Lundin Baronang, a wholly-owned subsidiary of Lundin Petroleum, is the operator of the well, while it has a 90% working interest in Baronang PSC.
Lundin said that the main objectives of the well are Oligocene fluvial sandstone reservoirs in stacked four-way dip closures.
The Balqis prospect is expected to hold around 47 million barrels of oil equivalent (MMboe), according to the company.
Lundin, which has proven and probable reserves of 194 MMboe, holds assets in Europe and South East Asia.
