Wells boost flow from licenses in Thailand

Three wells recently completed on the SW1, L44/43, and L33/43 licenses in north-central Thailand had combined initial production exceeding 4,000 b/d and pushed total output to 9,466 b/d of light oil in July, reports Loyz Energy Ltd., Singapore (OGJ Online, May 15, 2014).

Although total well capacity exceeds 10,000 b/d, production probably will be limited to 4,000-6,000 b/d for the rest of 2015 for reservoir management, according to Loyz. A subsidiary, Loyz Thailand Oil Pte. Ltd., holds a 20% interest.

Drilling continues in the license area, which is about 300 km north of Bangkok in the Petchabun Tertiary rift basin.

Loyz said an independent assessment increased proved reserves to 11.6 million bbl of oil as of last Dec. 31 and proved and probable reserves to 34 million bbl.

ECO Orient Energy (Thailand) Ltd. operates the licenses with a 60% interest. Berlanga Group holds the other 20% interest.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...