Block M Oil Exploration Revealed At Meeting
By Liza Mohd

Bandar Seri Begawan - Upcoming oil exploration activities at onshore Block M, covering 3,011 square kilometres mainly within the Labi area in Belait District and southern part of Tutong district were disclosed in a meeting with the Belait village chief and heads yesterday morning.

The meeting organised by consortium member of Block M, TAP Energy (Borneo) gave a detail explanation of oil exploration under the Phase One plan at Block M. The meeting also sought suggestions from the village chief and heads.

PetroleumBRUNEI Business Asset Manager, Haji Iskandar bin Haji Yahya, said it is managing the onshore area of Block L and M and offshore Block J and K, allocated by His Majesty's government to maintain continuous petroleum supply as well as be active in downstream projects relating to the oil and gas industry.

He noted that PetroleumBRUNEI had entered into an agreement with TAP Energy; Triton Borneo, ChinaOil USA and Jana Corporation Sdn-Bhd to conduct exploration activities at Block M in 2006 and with the discovery of new oil fields, it would boost the economic oil and gas activities and adding to the nation's petroleum reserves.

TAP Energy Chief Geophysicist Awg Suni bin Sulaiman briefed the meeting on the history of Block M where exploration began in the early 1900s which led to the first oil discovery in Brunei at the Belait 2 Well. But exploration was brought to halt in the late 1980's due to the low oil prices.

To fully explore the hydrocarbon prolific reservoirs on the Block M acreage, Phase One work programmes include 2D Seismic Reprocessing; aero-magnetic and gravitational works; 3D Seismic research and drilling at 'Appraisal' oil well.

The briefing focused more on aero-magnetic and gravitational works which will be carried out from July to August 2008 to determine the condition and the municipality profile of Baram Delta and to increase the list of candidates and leads which potentially have oil and gas reservoirs based on aero-magnetic and gravitational works. -- Courtesy of Borneo Bulletin

Click Here To Have Your Say On This Story

Brudirect.com News

Brunei's Fastest Growing Website with