Mubadala Petroleum has failed to find commercial quantities of oil at its Sri Trang-1 exploration well in the northern Gulf of Thailand.
Sri Trang-1 is located in the G1/48 concession, approximately 18km north-northeast of the Manora oil development.
The well was spudded on 17 May in 40m of water by the Atwood Orca jackup drilling unit and was drilled to an extended final total depth of 2814m.
The test results confirmed the presence of oil in poor quality reservoir sand. The samples collected from three other zones confirmed the presence of water. Although the oil is not in commercial quantities, the Sri Trang-1 discovery has validated the hydrocarbon prospectivity of the Northern Kra Basin.
Mubadala operates G1/48 with 60% stake. Partners include Tap Oil (30%) and Northern Gulf Petroleum (10%).
Image of the Atwood Orca, from Atwood.
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