KrisEnergy Strikes Oil, Gas in Gulf of Thailand

KrisEnergy has struck oil and gas at the Rossukon-3 exploration well in G6/48 in the Gulf of Thailand.

Rossukon-3 was drilled to a total depth of 7,497 feet (2,285 metres). Preliminary interpretation of well logs indicates that the well intersected approx. 75 feet true vertical depth (TVD) of net oil-bearing sandstones and 49 feet TVD of net gas-bearing sandstones over several reservoir intervals, KrisEnergy said.

Water depth at the Rossukon-3 location is 208 feet. The well lies 1.9 km west of the Rossukon-2 surface location and 1.8 km northwest of the original Rossukon-1 discovery well, drilled in 2009.

Rossukon-3 will be plugged back and the G6/48 partners have agreed to immediately begin drilling the Rossukon-3ST sidetrack exploration well.

G6/48 covers 566 sq km over the Karawake Basin and lies to the north of the G10/48 licence, where KrisEnergy is developing the Wassana oil field. KrisEnergy took over operatorship of G6/48 in May 2014. The company holds a 30 percent working interest in the concession and is partnered by Northern Gulf Petroleum with 40 percent and Mubadala Petroleum with 30 percent.