PTTEP Strikes Gas in Timor Sea
Thai state-owned PTTEP March 8 said its Australian subsidiary has made a gas and condensate discovery in the Timor Sea.
PTTEP Australasia Ashmore Cartier, a wholly owned subsidiary of PTTEP, made the discovery at Orchid-1, the first exploration well in permit AC/P54 off Australia.
Orchid-1 was drilled to a total depth of 2,925 metres and encountered gas and condensate with the net pay thickness around 34 metres, PTTEP said. “The result is in line with PTTEP’s expectation and will be incorporated into development planning of Cash-Maple field which contains 3.5 trillion ft3 of resources,” it said.
AC/P54 is an exploration permit under PTTEP Australasia project which comprises permits AC/L3, AC/RL4, AC/RL5, AC/RL6, AC/RL7 (Cash-Maple field), AC/RL10, AC/RL12 and AC/P54 in the Timor Sea off northern Western Australia.