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Mubadala Petroleum comes up dry off Thailand

SINGAPORE -- KrisEnergy Ltd has announced that drilling operations have concluded at the Rojana-1 exploration commitment well in block G11/48 in the Gulf of Thailand.

Rojana-1, which commenced drilling on June 23, reached a total depth at 4,916 ft (1,498.4 m) measured depth, or -4,126 ft total vertical depth subsea. No significant hydrocarbon shows were detected in the target reservoirs.

Water depth at the well location is 230 ft. The well is the final commitment well for the G11/48 license, where the JV partners are developing the Nong Yao oil field. Nong Yao is expected to commence oil production in the first half of 2015.

G11/48 covers 3,374 sq km over the southern margin of the Pattani basin and the northwest margin of the Malay basin in water depths of up to 75 m. The block also contains the Angun and Mantana oil and/or gas discoveries.

KrisEnergy holds 22.5% working interest in G11/48. Mubadala Petroleum G11 (Thailand), the operator, has a 67.5% working interest and Palang Sophon holds 10%.

Rojana-A was drilled using the Atwood Orca jackup rig owned by Atwood Oceanics.



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