Tap Oil’s wholly owned subsidiary Tap Energy (Borneo) Pty. Ltd. has commenced an airborne geophysical survey in Block M (Tap 39%, operator) which is the largest onshore permit in Brunei.
Location
Block M covers an area of approximately 3,011 km2 (see attached map) and is located in the Baram Delta. The Block contains the Belait oil and gas field, but is under explored having not seen any concerted exploration effort for many years.
Progress
The survey commenced on 27 October 2008 and is being acquired by Sander Geophysics of Canada who specialise in airborne geophysical surveys. The 3,745 km survey is being completed by a dedicated light aircraft that will fly a 1 km by 4 km grid across the entire permit and is expected to be completed in early December 2008.
Tap Comment
This is the first phase of the exploration program which will see 2D and 3D seismic acquisition commence in early 2009 with at least 2 wells drilled on the Belait structure in the first half of 2009. The airborne survey will provide a comprehensive block-wide data set to further the assessment of the exploration potential of the area.
Tap has closely worked together with PetroleumBrunei to achieve this early commencement of our exploration efforts and look forward to the 2009 activity.
Block M Participants:
Tap Energy (Borneo) Pty Ltd: 39%
Triton Borneo Limited: 36%
China Sino Oil Company Limited: 21%
Jana Corp. Sdn. Bhd.: 4%