Upstream oil and gas company KrisEnergy has received the Thai government’s approval for an area spanning 87.74 sq km containing the Rossukon oil discovery in the Gulf of Thailand.
The Rossukon series of discoveries are located in the G6/48 licence over the Karawake Basin to the north of the G10/48 licence, where the KrisEnergy-operated Wassana oil field commenced production in August. The firm drilled two exploration wells and two intentional sidetrack wells in the Rossukon area in the first half of 2015.
Each well encountered oil and gas, adding to volumes from the original Rossukon discovery made in 2009.
KrisEnergy’s current assets in the Gulf of Thailand include the non-operated producing B8/32, B9A and G11/48 (Nong Yao field) contract areas and the KrisEnergy-operated G10/48, which contains the Wassana field, and G6/48 licences.
KrisEnergy is also the operator of Block A offshore Cambodia where it is developing the Apsara oil field.
KrisEnergy took over operatorship of G6/48 in May 2014. The Company holds a 30% working interest in the concession and is partnered by Northern Gulf Petroleum Pte Ltd with 40% and Mubadala Petroleum with 30%.
The stock last traded at 30.5 cents on Nov 20.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
The Rossukon series of discoveries are located in the G6/48 licence over the Karawake Basin to the north of the G10/48 licence, where the KrisEnergy-operated Wassana oil field commenced production in August. The firm drilled two exploration wells and two intentional sidetrack wells in the Rossukon area in the first half of 2015.
Each well encountered oil and gas, adding to volumes from the original Rossukon discovery made in 2009.
KrisEnergy’s current assets in the Gulf of Thailand include the non-operated producing B8/32, B9A and G11/48 (Nong Yao field) contract areas and the KrisEnergy-operated G10/48, which contains the Wassana field, and G6/48 licences.
KrisEnergy is also the operator of Block A offshore Cambodia where it is developing the Apsara oil field.
KrisEnergy took over operatorship of G6/48 in May 2014. The Company holds a 30% working interest in the concession and is partnered by Northern Gulf Petroleum Pte Ltd with 40% and Mubadala Petroleum with 30%.
The stock last traded at 30.5 cents on Nov 20.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment