AED Oil confirms Brunei find
AED Oil Ltd., Melbourne, has confirmed the presence of hydrocarbons in its Lukut-1 wildcat well, which was drilled on onshore Block L in Brunei.
MELBOURNE, June 9 -- AED Oil Ltd., Melbourne, has confirmed the presence of hydrocarbons in its Lukut-1 wildcat well, which was drilled on onshore Block L in Brunei.
The company said that in-hole gas measurements made during wireline logging have confirmed the find across a number of intervals. Analysis of the results continues.
The well had an original target depth of 2,150 m, but was deepened to 2,230 m to assess a zone of interest between 2,130-210 m.
Lukut-1 also intersected other unpredicted zones of interest at the new total depth and these are now being evaluated with a view to deepening the well further still.
The well was planned as an evaluation of shallow-water delta front sands in the very prospective Belait formation. It is the first onshore well to be drilled in Brunei in more than 24 years.
AED has a second location, called Lempuyang-1, on the same block, which is planned as an immediate follow-up.
AED has a 50% interest and operatorship in Block L, which lies 20 km from the billion-barrel Seria oil and gas field. The recently discovered Bubut gas field is on an adjoining block.