Tap Completes Airborne Geophysical Survey over Brunei's Block M
Tap Oil's wholly owned subsidiary Tap Energy (Borneo) Pty. Ltd. has completed an airborne geophysical survey in Block M (Tap 39%, operator) onshore Brunei Darussalam.
Block M covers an area of approximately 3,011 km2 in the Baram Delta Basin and is the largest onshore permit in the country. The Block contains the Belait oil and gas field, but is under explored having not seen a concerted exploration effort during the past 20 years.
The survey commenced on October 27, 2008 and was acquired by Sander Geophysics of Ottawa, Canada who specialize in airborne geophysical surveys. The total program included 3,617 flight kms in a 1 km by 4 km grid across the entire permit. Both gravity and magnetic data were acquired and the program has now been successfully concluded.
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 appraisal wells drilled on the Belait structure in 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 the company's exploration efforts and looks forward to its 2009 activities.
Block M Participants:
- Tap Energy (Borneo) Pty Ltd 39%
- Triton Borneo Limited 36%
- China Sino Oil Company Limited 21%
- Jana Corp. Sdn. Bhd. 4%