Pan Orient Gets 20-Year Thai Production Licence

Canada-listed Pan Orient Energy has received a 20-year production licence from government of Thailand for the L53-DD field.

“This was in addition to a number of other approvals that were required to commence long-term production from the L53-DD field discovery made in October 2018,” the company said last week.

Four wells have been drilled and completed within the L53-DD field since October 2018 with two of these, L53-DD1 and L53-DD2, producing for an approximately 90-day test period that ended on February 18 and February 23, 2019, respectively.  Two additional wells, L53-DD4 and L53-DD3, were then drilled in 2019; however, 90-day test approval periods were not granted by the government of Thailand, likely due to the advanced stage of the PL approval process.  All four wells are now on long-term production, Pan Orient said.

The company said that at the time of shut-in, the L53-DD2 well was producing 783 barrel/day and the L53-DD1 well was producing 470 b/d.