Independent upstream oil and gas company, KrisEnergy Ltd., has recently announced that oil production from the Nong Yao field in the G11/48 licence, in the Gulf of Thailand, commenced from three initial wells on 17 June 2015.
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. The facilities have a production capacity of up to 15 000 bpd and a processing capacity of 30 000 bpd of fluids.
Core area of growth
G11/48 covers 3 374 km2 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 Gulf of Thailand is a core area of growth for KrisEnergy. The company has non-operated working interests in the B8/32, B9A and G11/48 producing blocks and is the operator for the G10/48 and G6/48 licences, where it drilled a series of successful exploration wells in March and April 2015. It also operates Block A in Cambodian waters, where it is seeking to develop the Apsara oilfield.
KrisEnergy holds a 22.5% working interest in G11/48. Mubadala Petroleum is the operator of the licence with a 67.5% working interest and Palang Sophon Limited holds 10%.
Comment from KrisEnergy
Keith Cameron, Chief Executive Officer of KrisEnergy, commented: “Nong Yao production is a major milestone in KrisEnergy’s evolution. The G11/48 and G10/48 licences were our first acquisitions when the company was established, and Nong Yao is now the first development project in our portfolio to be brought onstream. We are currently working on a further four oil developments in the Gulf of Thailand, including the KrisEnergy-operated Wassana oilfield in the adjacent G10/48 concession, which we expect to go into production shortly.”
Adapted from press release by Cecilia Rehn