You are here

PanOrient on course for Thailand Concession L53 offshore drilling early next year

03rd December 2014

PanOrient is planning to launch a new drilling campaign in its Concession L53 offshore Thailand next February, following fourth quarter delays waiting for government approval and the finalisation of a farm-out to Sea Oil

PanOrient on course for Thailand Concession L53 offshore drilling early next year
PanOrient will commence a first phase three well drilling programme that includes the L53-A North Central exploration well and two L53-D appraisal wells

Construction of the high impact L53-A North Central exploration well pad has been completed with drilling expected to commence in February 2015 shortly after the closing of the Sea Oil sale.

Upon closing of the Sea Oil sale transaction, PanOrient will commence a first phase three well drilling programme that includes the L53-A North Central exploration well and two L53-D appraisal wells.

A second phase three to four well drilling programme is planned late in the second quarter of 2015 that will include appraisal drilling in the event of success at L53-A North Central or the L53-A North East prospect in addition to appraisal drilling at L53-A and L53-G fields.

The exact composition of this second phase programme will be dependent upon phase drilling results and partner approval.

Got a news tip? Email news@oilandgastechnology.net