JOINT TECHNICAL STUDY BLOCK SK334, ONSHORE SARAWAK Monthly Progress Report for Shareholders
(Ending April 2023) | Page1of 2 |
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 Study:
- Ongoing laboratory works on the samples. Pending lab test result on biostratigraphy and geochemical analysis. Expected completion 3rd week of May 2023.
- Post-fieldtrip integration and firm up prospect parameters.
- Ongoing Deterministic and Probabilistic HC resource assessment
- Geophysical Study:
- Continuation of works with prospects and leads depth structure maps for respective seismic horizons.
- Preparation of seismic test line reprocessing and reconditioning. Pending consent from PETROS for disclosure of data to third party.
- FTG Study:
- Completed 1st draft of constrained modelling works.
- Commencement of integration works between FTG model, seismic interpretation, fieldwork lab result and regional geology.
- Engagement with PETROS:
- Progress Update Meeting with PETROS was conducted on the 4th April 2023.
Opportunities, Issues & Challenges:
- Nil
Forward Plan:
- Continuation of integration works of FTG model with findings from fieldwork and seismic mapping.
- Conduct seismic test line, expected completion by End May 2023.
- Organize Technical Workshop with PETROS End May /Early June 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 April 2023) | Page2of 2 |
Structure A 3D model build to estimate volumetrics.
OWC at structural spill-point (displayed as a blue plane).
Structure B 3D model build to estimate volumetrics.
OWC at structural spill-point (displayed as a blue plane).
Structure C 3D model build to estimate volumetrics.
OWC at structural spill-point (displayed as a blue plane).
Prepared by Upland Big Oil Sdn Bhd
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Upland Resources Ltd. published this content on 11 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2023 06:15:53 UTC.