Jakarta: Kulczyk Oil Ventures (KOV) has announced that its indirect wholly-owned subsidiary, AED South East Asia Limited (AED SEA), has signed a drilling contract with PT Energi Tata Persada (PT Energi), a drilling company based in Jakarta, for the use of their ETP-03 drilling rig on the Brunei Block L Phase 2 drilling campaign. KOV is Canadian-based though founded by a Pole.
To meet the Phase 2 drilling commitments for Block L, AED SEA will drill two exploration wells, subject to receiving regulatory approvals, prior to the end of August 2013.
The rig is currently in Sulawesi, Indonesia, preparing to mobilise to Brunei. It is estimated that the rig will arrive in Brunei in early March and will be transported to the first drill site after customs clearance. The first exploration well to be drilled in the 2013 drilling campaign will be a 2,900 m well to evaluate the Lukut Updip Prospect, from a location approximately 4 km updip from and to the east of the Lukut-1 well. The Lukut Updip Prospect is a geologically constrained 2-way fault bounded structural closure.
Upon completion of the Lukut Updip well the drilling rig will move 12 km southwest to drill an exploration well on the Luba Prospect. The Luba exploration well is expected to be directionally drilled to a measured depth of approximately 3,500 m to evaluate the potential of fault trap in the greater Triple Junction area with a potential closure of approximately 15 km2. The main target of the well is a potential seismic direct hydrocarbon indicator or "flat spot" at a depth of approximately 2,550 m. [14/02/13]
