Upstream oil and gas firm KrisEnergy has contracted the Key Gibraltar jack-up rig to drill in two licences in the Gulf of Thailand.
The company has signed a contract with Shelf Drilling (South East Asia) to secure the Key Gibraltar for development, appraisal and exploration drilling in the G10/48 and G6/48 concessions.
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The contract will start in January 2015 and run for a firm six-month term with an option to extend for a further two months.
The jack-up rig is expected to drill 12 to 14 development wells in the Wassana oilfield in G10/48 and various exploration wells in the contract area.
It will then be moved to G6/48 to complete appraisal drilling in the Rossukon area where oil was found in 2009.
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KrisEnergy exploration and production director Chris Gibson-Robinson said: "Securing the Key Gibraltar is a critical step in the Wassana development schedule and means that we are on target to deliver first oil production in the second half of 2015.
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By GlobalData"Given the Wassana development drilling programme, we have decided to coordinate the timing of exploration and appraisal drilling in G10/48 and G6/48 respectively, in order to optimise our drilling operations and costs."
The G10/48 concession, which is wholly owned by KrisEnergy, covers 4696km² over the southern section of the Pattani basin.
The licence consists of three oil discoveries, Wassana, Niramai and Mayura, which are in several stages of development and appraisal.
G6/48 covers 566km² in the Karawake basin on the southern margin of the Pattani Basin and the north-west margin of the Malay Basin.
Image: KrisEnergy has contracted the Key Gibraltar jack-up rig to drill in two licences in the Gulf of Thailand. Photo: courtesy of suwatpo / FreeDigitalPhotos.net.
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