Brunei

Tap Oil Ltd.’s Borneo subsidiary said it identified a contingent resource of 8 to 64 million boe in Brunei’s undeveloped Belait oil and gas field onshoe 65 km southwest of Bandar Seri Begawan.

By OGJ editors
HOUSTON, Sept. 1
– Tap Oil Ltd.’s Borneo subsidiary said it identified a contingent resource of 8 to 64 million boe in Brunei’s undeveloped Belait oil and gas field onshoe 65 km southwest of Bandar Seri Begawan.

Tap Energy (Borneo) Pty. Ltd. shot 118 sq km of 3D seismic and 60 line-km of 2D seismic over the field and adjacent areas on Block M, which covers 3,011 sq km in the Baram Delta. The balance of Brunei’s largest onshore permit is underexplored.

The 3D seismic program, first in the Belait trend, is “designed to address the structural complexity of the field and identify deeper, higher impact targets,” Tap Oil said. At least two wells are to be drilled starting in mid-2010.

Interests in Block M are Tap Energy (Borneo) 39%, Triton Borneo Ltd. 36%, China Sino Oil Co. Ltd. 21%, and Jana Corp. Sdn. Bhd. 4%.

Triton notes that Belait was discovered in 1913, and one well produced oil in 1924-31. A total of 18 wells have been drilled in the 122 sq km area.

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