Project Profile
Value: US$100 million
Location: Onshore and Offshore northern Brunei
Area: 2,200 sq km
Start-up Year: 2015
Block L covers 2,200 sq km, mostly onshore. The Block L partners have decided to move forward with the phase two of their exploration programme and have identified three other potential areas in Brunei\'s oil block for future exploration. The areas are the Jerudong Oil Field, Languas and Letup-Letup. Under the block\'s production sharing agreement, parties are obligated to expend a minimum of US$16 million. The venture partners have identified several potential areas and numerous leads and prospects from the Phase 1 3D seismic.
Operators:
AED Oil: Operator with 50% interest
Kulczyk Oil Ventures Inc.: 40% interest
QAF Brunei Sdn Bhd: 10% interest
Contractors:
PT Energi Tata Persada: Hire the rig ETP-03