|
On August 28, 2006, PetroleumBRUNEI signed the
Production Sharing Agreement with Loon Brunei Limited
(Loon) and QAF Brunei Sdn Bhd (QAF).
In
December 2006, PetroleumBRUNEI approved the assignment
of 50% working interest and operatorship in Block L to
Nations Petroleum. Loon and QAF hold 40% and 10%
interests respectively.
Most
of the 2,253 sq. km. of Block L lies in eastern onshore
Brunei Darussalam, in the Brunei-Muara District and
parts of Tutong and Temburong Districts. The block
extends to the north approximately 5 km from the
coastline to offshore while the eastern boundary covers
most of Brunei Bay.
Historically, a few exploration wells had been drilled
in the area where hydrocarbon indications were evident
in the underlying reservoir. Block L also covers the
Jerudong area, where a number of exploration wells were
drilled leading to the discovery of the Jerudong Oil
field. More than 600,000 barrels of oil were produced
from the field between 1955 and 1962. However, due to
the attraction of prospecting offshore, some discoveries
made using the technology at that time (1955 -1962) were
left undeveloped and the whole of Block L area remains
under-explored.
A
350 sq. km. 3D seismic programme is currently being
carried out over the most prospective targets in Tutong
district in order to determine the best sites for
exploration wells. This is the largest 3-D seismic
survey ever carried out onshore Brunei Darussalam. The
consortium has committed to drill two exploration wells
during the first phase of the exploration period.
|