The Department of Mineral Fuels (DMF), the government agency responsible for Thailand’s upstream petroleum industry, granted approval to KrisEnergy for the production area application (PAA) for for an area containing the Rossukon oil discovery in the Gulf of Thailand.
Covering an area of 87.74sq km, the Rossukon series of discoveries are located in the G6/48 license over the Karawake basin to the north of the G10/48 license, where the firm’s Wassana oil field commenced production in August.
KrisEnergy drilled two exploration wells and two intentional sidetrack wells in the Rossukon area in the first half of 2015. Each well encountered oil and gas, adding to volumes from the original Rossukon discovery made in 2009.
Chris Gibson-Robinson, director exploration and production said, “The results of our exploration program earlier this year justified the submission of the PAA.
“We have six licenses in the Gulf of Thailand, four of which are now in production following the start-up of the Wassana and Nong Yao fields this year.
“The approval of the Rossukon PAA is a step closer to getting our fifth field into development and production in the near term and underpins our strategy to make the Gulf of Thailand a core area in the KrisEnergy portfolio.”
The company’s current assets in the Gulf of Thailand include the non-operated producing B8/32, B9A and G11/48 (Nong Yao field) contract areas and the KrisEnergy-operated G10/48, which contains the Wassana field, and G6/48 licenses.
KrisEnergy is also the operator of Block A offshore Cambodia where it is developing the Apsara oil field. The group took over operatorship of G6/48 in May 2014. It holds a 30% working interest in the concession and is partnered by Northern Gulf Petroleum with 40% and Mubadala Petroleum with 30%.
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