Kulczyk Oil Ventures Inc. says that the exploratory well on its Lukut Updip prospect on Brunei Block L has commenced drilling. The Lukut Updip-1 ("LKU-1") well is operated by AED Southeast Asia Limited ("AED SEA") an indirect wholly-owned subsidiary of KOV.

Lukut Updip Well

The LKU-1 well, the first exploration well to be drilled during the Brunei Block L Phase 2 drilling campaign, will be drilled as a directional well with a planned measured depth of 2,959 metres and a planned true vertical depth ("TVD") of 2,431 metres. T

he well will test the potential of a triple junction structure (the "Triple Junction") that has formed where the Belait and Jerudong Anticlines meet with the Simbatang Fault. The primary targets, at a depth of approximately 2,000 metres TVD are deltaic and base slope sand deposits of Middle Miocene age with an anticipated aggregate thickness of up to 250 metres.

Overpressure is expected and the Company will use managed pressure drilling ("MPD") techniques for the drilling of LKU-1. The well is expected to take approximately 40 days to drill.

Tags: Kulczyk Oil Ventures