KrisEnergy finds no pay at Mancharee-1 (Thailand)
- Business & Finance
KrisEnergy Ltd., an independent upstream oil and gas company, has announced that drilling operations have concluded at the Mancharee-1 exploration commitment well in G10/48 in the Gulf of Thailand, where the Company is developing the Wassana oil field.
Mancharee-1, which started drilling on 8 August 2014, reached a total depth at 12,205 feet (3,720 metres) measured depth, or 10,460 feet (3,188 metres) true vertical depth subsea.
Gas shows were encountered at several levels, but no significant pay zones were identified. Water depth at the well location is 170 feet (51.8 metres).
Mancharee-1, the final commitment well in the third exploration phase of the licence, was drilled using the West Cressida jack-up rig owned by Seadrill Far East Limited.
KrisEnergy holds 100% working interest in G10/48 which covers 4,696 sq km over the southern section of the Pattani Basin in water depths up to 60 metres. As well as the Wassana oil development, the block also contains the Niramai and Mayura oil discoveries.