KrisEnergy spuds Gulf of Thailand exploration well
SINGAPORE -- KrisEnergy has started drilling the Rayrai-1 exploration well in Block G10/48 in the Gulf of Thailand, with the Key Gibraltar jackup rig, where the company is currently developing Wassana oil field.
Rayrai-1 is located in water depths of 170 ft and lies 2.25 km north of the 2009 Niramai oil discovery. The well is planned to reach total depth at 6,382 ft measured depth (-5,334 ft true vertical depth subsea) and will test Early Miocene stacked fluvial sandstones on a north-south trending faulted basement high.
Block G10/48 covers 4,696 km2 over the southern section of the Pattani basin. The license contains three oil discoveries—Wassana, Niramai and Mayura.
KrisEnergy is developing Wassana oil field via a mobile offshore production unit producing to a floating storage offshore loading vessel. The Key Gibraltar jackup will begin drilling up to 15 Wassana development wells once it has completed the Rayrai-1 exploration well.
Production at Wassana is expected to commence in the second half of 2015 and plateau at 10,000 bopd.
KrisEnergy holds an effective 89% working interest in, and is the operator of, the G10/48 license. Palang Sophon Offshore holds an effective 11% working interest.
