PetroleumBRUNEI was granted all mineral rights to prime petroleum blocks, covering a total of approximately 21,000 sq. km. The deepwater offshore blocks are Blocks CA1 and CA2, shallow offshore blocks are Blocks N, P, Q, and B while the onshore block are Block L and M. PetroleumBRUNEIs upstream business is conducted in Brunei and abroad including activities in the fields of exploration and production.
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Domestic - Block A & B
PetroleumBRUNEI is an active partner in the operation of two blocks via its upstream subsidiary, PB ExPro Sdn Bhd. PB ExPro offers its own expertise to the operators and partners in its 46% equity in Block A and 27.5% equity in Block B.
Currently, exploration and potential development activities are actively being pursued in Block A. Meanwhile, Block B has been in production since 1999 and a new Maharaja Lela South (MLS) projects is being executed to increase in production level to approximately 33,000 boe per day by 2016.
International - Block SK318, Sarawak, Malaysia
PB ExPro has completed farm-in process for 10% equity into SK318 Block in October 2014. This project is one of the International investment in the upstream for exploration and production by PetroleumBRUNEI. The block is located offshore Sarawak, Malaysia some 250km North East of Bintulu. The partnerships are between Sarawak Shell Berhad, PETRONAS Carigali and PB ExPro for which Sarawak Shell Berhad is the Operator.
International - Integrated shale gas to LNG project, British Columbia, Canada
PetroleumBRUNEI has acquired a 3 % interest in an integrated Shale Gas to LNG project in Canada on a stapled basis, holding 3 percent interest in all the entities across the value chain. This is the first international venture for PetroleumBRUNEI.
International - Block EP-1, Myanmar
PetroleumBRUNEI was awarded Block EP-1, onshore Kyaukkyi-Mindon Area on 19 November 2013 after participating in the 2013 Myanmar Onshore Bidding Round.
The onshore Block EP-1 is located 250km north of Yangon covering an area of 1,135 km2. PetroleumBRUNEI will be the operator of the Block with 87.25% interest while the local partner IGE Pte Ltd holds an interest of 12.75%.
Block EP-1 is the key milestone for PetroleumBRUNEI as a full-pledge operator in its journey towards increasing international investments.