Coastal Energy Reports Discovery at Bua Ban North

8 June 2011 (Last Updated June 8th, 2011 18:30)

Coastal Energy Company has encountered 64ft of net pay in the Miocene objective with average porosity of 27% at the Bua Ban North B-04 appraisal well offshore Thailand. The well, which was drilled up to 6,000ft TVD, is currently being cased and will be suspended until the start of the

Coastal Energy Company has encountered 64ft of net pay in the Miocene objective with average porosity of 27% at the Bua Ban North B-04 appraisal well offshore Thailand.

The well, which was drilled up to 6,000ft TVD, is currently being cased and will be suspended until the start of the production.

Coastal Energy also plans to drill a water disposal well before mobilising the rig to its next planned location.

Coastal Energy CEO Randy Bartley said drilling is expected to be complete by mid-June and the Mobile Offshore Production Unit is scheduled to arrive in late June.

“A hydraulic unit will be used for completion operations and production testing is anticipated to begin in mid-July,” added Bartley.