KrisEnergy’s Thailand well encounters oil & gas

KrisEnergy Ltd., an independent oil and gas company focused on Southeast Asia, has said that its third exploration well at the Rossukon prospect in the G6/48 block, in the Gulf of Thailand has intersected oil and gas.

The company has said that the Rossukon-3 well, drilled by the Key Gibraltar offshore drilling rig, intersected approximately 75 feet true vertical depth (“TVD”) of net oil-bearing sandstones and 49 feet TVD of net gas-bearing sandstones over several reservoir intervals.

The well was drilled after the successful evaluation of the Rossukon-2 and sidetrack wells in March 2015. 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. Rossukon-3ST is planned to drill to a total depth of 6,689 feet (2,039 metres) measured depth (-4,500 feet TVDSS) at a maximum deviation of 74 degrees.

Chris Gibson-Robinson, Director Exploration & Production, commented: “The three wells drilled so far in this campaign are promising and will increase the contingent resources in G6/48. Once Rossukon-3ST is completed, we will undertake a thorough technical review incorporating data from all the Rossukon wells, and the existing seismic data, to more fully assess the potential for commercial development in the future.”

[mappress mapid=”1548″]