JOINT TECHNICAL STUDY BLOCK SK334, ONSHORE SARAWAK Monthly Progress Report for Shareholders
(Ending May 2023) | Page1of 1 |
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:
- Completed all laboratory works on the samples. Finalizing fieldwork report.
- Ongoing Deterministic and Probabilistic HC resource assessment.
- Geophysical Study:
- Obtained consent from PETROS for disclosure of data to third party for seismic reprocessing test line.
- Commenced seismic reprocessing test line on Line 005 and reconditioning of Line 005 and Line 013.
- Test line expected to be completed by end of June 2023. Reconditioning work expected to be completed by early June 2023.
- FTG Study:
- Reviewed the draft of modelling works report. Update and finalize report ongoing.
- Ongoing integration works between FTG model, seismic interpretation, fieldwork lab result and regional geology.
Opportunities, Issues & Challenges:
- Nil
Forward Plan:
- Continuation of prospect analysis resource assessment works.
- Organize Technical Workshop with PETROS End June 2023, subject to the completion of seismic reprocessing test line.
- Commencement of conceptual field development plan.
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 | Plan | Actual | ||||||||||||||
Agreement Signing | ||||||||||||||||
Review of all available data/reports | ||||||||||||||||
Geophysical Studies | ||||||||||||||||
2D seismic reprocessing | ||||||||||||||||
FTG and Magnetic data review and interpretation | ||||||||||||||||
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
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Upland Resources Ltd. published this content on 12 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 June 2023 09:48:09 UTC.