JOINT TECHNICAL STUDY BLOCK SK334, ONSHORE SARAWAK Monthly Progress Report for Shareholders
(Ending July 2023) | Page1of 3 |
Objectives of SK334 Joint Technical Study
- Assess hydrocarbon potential and generate leads and prospects;
- High grade and delineate prospective areas; and
- Design new seismic acquisition plan and/or other feasible exploration tools for execution in future De-risking activities.
Project Progress Update
Progress to Date / Milestone Achieved:
- Geological & Geophysical Study:
- Technical Discussion and Workstation Review was successfully conducted with Joint Technical Study (JTS) members from Petroleum Sarawak Berhad (PETROS) on the 13th July 2023. Among others, seismic reprocessing result, prospect/lead maps, FTG remodeling result integration works, and resources assessment methodology were discussed and deliberated. The objectives of the technical discussion were met.
- Updated deterministic and probabilistic HC resource assessment.
- Commenced planning of future exploration works in Limbang and Lawas, as part of PSC preparation.
- Conceptual Engineering:
- HC evacuation plan identified and shortlisted. Continuation of notional field development plan.
Opportunities, Issues & Challenges:
- Met with Petroleum Authority of Brunei (PAB) on the 11th July 2023 and requested access to data of neighboring blocks in Onshore Brunei, including well log reports and seismic data, to provide better understanding of SK334 prospectivity.
- Met with Brunei Energy Services and Trading (BEST) on the 12th July 2023 to discuss potential collaboration during PSC stage.
- Rig visit and meeting with rig contractor on the 25th July 2023, as part of onshore drilling rig technical and commercial market assessment.
Forward Plan:
- Continuation of conceptual field development plan.
- Technical Workshop with PETROS is planned on the 17th August 2023.
Project Details
Block Name | SK334, Onshore Sarawak |
Block Size | 6,685 sq.km |
Start/Completion Date | Sept 2022 / Nov 2023 |
Project Duration | 15 months |
Key Project Team Members
Managing Director | DBD |
Team Leader | FW |
Project Advisor | AD |
Corporate Advisor | GM |
Head, Geoscience | AK |
Geoscience Advisor | NT |
Geoscience Advisor | Professor Dr AH |
Principal Geologist | JAN |
Principal Geophysicist | SH |
FTG Expert | Dr AB |
Geochem Expert | Dr KM |
Senior Geologist | RB |
Senior Geologist | Dr LL |
Reservoir Engineer | GC |
Front End Engineer | AZ |
Head, Admin | FI |
Engineer | MJ |
Engineer | IN |
Liaison Officer | KA |
Local Coordinator | R @ NS |
Legal Advisor | MBNA Solicitors & Advoc. |
2022 | 2023 | ||||||||||||||
Petroleum Activities & Timeline | |||||||||||||||
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
S | O | N | D | J | F | M | A | M | J | J | A | S | O | N | |
General & Administration
Agreement Signing
Review of all available data/reports
Geophysical Studies
2D seismic reprocessing
FTG and Magnetic data review and interpretation
Plan | Actual | ||||||||||
Geological studies
Project database setup and review
Geoscience integrated interpretation (using Petrel)
Fieldwork analogue survey
Basin modelling and structural balancing and restoration
Play identification and prospect analysis
Engineering & Economics
Conceptual Field Development Plan
Petroleum Economics
Prepared by Upland Big Oil Sdn Bhd
JOINT TECHNICAL STUDY BLOCK SK334, ONSHORE SARAWAK Monthly Progress Report for Shareholders
(Ending July 2023) | Page2of 3 |
ATTACHMENT(S) | |
Pictures from the Technical Discussion and Workstation Review that was successfully conducted with JTS members from Petroleum Sarawak Berhad (PETROS) on the 13th July 2023 at Upland Big
Oil's office. The Workshop was attended by 4 personnel from PETROS.
Prepared by Upland Big Oil Sdn Bhd
JOINT TECHNICAL STUDY BLOCK SK334, ONSHORE SARAWAK Monthly Progress Report for Shareholders
(Ending July 2023) | Page3of 3 |
ATTACHMENT(S) | |
Pictures from the Rig Site Visit and Meeting with Rig Contractor in Perth on the 25th July 2023.
Prepared by Upland Big Oil Sdn Bhd
Attachments
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Disclaimer
Upland Resources Ltd. published this content on 11 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2023 06:15:02 UTC.