Coastal Energy “very pleased” with results from latest well in Thailand
24 November 2009
Coastal Energy, the AIM and TSX listed oil and gas group with assets in Thailand, has completed of the Songkhla A-08 development well on Block G5/43 in the Gulf of Thailand.
The well was drilled to a total measured depth of 9,112 feet and logged approximately 92 feet of net pay with 18% porosity in the Lower Oligocene primary reservoir. The well is currently testing over 3,500 barrels of oil per day (bopd) with a 3% water cut.
The Songkhla A-08 well was drilled as a replacement development well for the A-02 well, which was converted into a water injection well due to a mechanical problem.
Randy Bartley, Coastal’s chief executive, said: “We are very pleased with the results of the A-08 development well.”
Total production from the Songkhla A facility is now over 10,000 bopd from four wells: A-01, A-03, A-04 and A-08. Two water injection wells, A-02 and A-05, are also in operation.
Coastal is currently drilling a third water injection well, the A-06, at Songkhla before mobilizing the rig to the Songkhla B location. Mr Bartley said the company expected the rig to begin drilling at Songkhla B in early December.
Finally, a workover unit will be mobilized to Songkhla Main to repair the A-07 well and install larger submersible pumps on the A-01 and A-03 wells.
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