Oil production from three wells at the Nong Yao Field in the Gulf of Thailand has started, KrisEnergy Ltd. said in a news release. The field is in the G11/48 license.
“The G11/48 and G10/48 licenses were our first acquisitions when the company was established, and Nong Yao is now the first development project in our portfolio to be brought on stream,” KrisEnergy CEO Keith Cameron said. “We are currently working on a further four oil developments in the Gulf of Thailand including the KrisEnergy-operated Wassana oil field in the adjacent G10/48 concession, which we expect to go into production shortly.”
The Nong Yao development will comprise up to 23 wells, a wellhead processing platform and a minimum facility wellhead platform with the export of crude via a floating storage and offloading vessel, according to the release. The facilities have a production capacity of up to 15,000 barrels per day (bbl/d) and a processing capacity of 30,000 bbl/d of fluids.
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 release said.
KrisEnergy holds a 22.5% working interest in G11/48. Mubadala Petroleum is the operator of the license with a 67.5% working interest, and Palang Sophon Ltd. holds 10%.
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