Kulczyk Oil Ventures and its joint-venture partners will commence a phase II exploration programme on block M in Brunei Darussalam.
Under phase II, the company will acquire and process no less than 80km of onshore 2D seismic data, and drill a minimum of three onshore exploration wells, each to a minimum depth of 1,150m.
Kulczyk converted the phase II seismic obligation into a 136km² 3D programme in December 2010, and is due to drill one well to a depth of 1,150m under phase I.
Kulczyk Oil executive vice-president Jock Graham said the decision to move forward with phase II reflects the company's continued optimism about the potential of block M and the onshore area of Brunei.
The phase II exploration project will last one year and begin in August 2011, according to Kulczyk.
The block M joint venture has so far acquired 254km² of 3D seismic data, as well as drilling and casing the Mawar-1 and Markisa-1 wells.
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