BSP Strikes Oil & Gas
By CT Hj Mahmod

Seria - Brunei Shell Petroleum (BSP) has discovered more oil and gas following a successful exploration expected to yield "good reservoir quality" in a new structure in the Seria North Flank.

This is the second successful finding in the mature Seria field, following the first discovery made at S-829 last September in the same area but in a different structure.

However, the approximate TCF (trillion cubic feet) and barrel terms of gas and crude were not available as a BSP official said it is too early to determine them.

BSP said it is proceeding with plans to fast track further exploration, appraisal and development of the area and added that it will drill more wells in this area.

BSP's Managing Director, Mr Grahaeme Henderson, in a statement yesterday, said, "This is an exciting and very important discovery for Brunei, representing a new milestone in the history of the Seria Field, an existing oil and gas field.

"Oil and associated gas were found in a section approximately 140 metres of net sands with good reservoir quality.

"We are currently evaluating the options to produce from this area to maximise the commercial opportunity for Brunei," he added.

The well was drilled four kilometres offshore in nine metres of water by the self-propelled multipurpose drilling rig known as the BIMA.

More than 2,000 metres of open hole section was drilled, which is a record in BIMA's drilling history.

The BIMA drilling rig will now continue to drill at least two more Seria North Flank structures this year. In 2006, plans are afoot to drill a further five wells.

BSP has been continuously undertaking efforts to optimise production from its mature field including the Seria field, which has been in production since 1929.

The Seria North Flank is one of the new fields that BSP is focusing in accelerating its development.

This is in line with one of the four strategies in BSP, mature oil growth, in view of the large portfolio of hydrocarbon resources in Brunei Darussalam.

The strategies are underpinned by the company's utmost priorities on safety, people and performance.

An Asia Pacific oil and gas newsletter dated October last year stated the Seria North Flank is a very important discovery because there are up to 20 similar structures in `his area, which is estimated to yield a total recoverable oil of up to 100 million barrels. -- Courtesy of Borneo Bulletin

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