KrisEnergy: No Oil at Rojana-1 Well (Thailand)

KrisEnergy Ltd., an independent upstream oil and gas company, announces that drilling operations have concluded at the Rojana-1 exploration commitment well in block G11/48 in the Gulf of Thailand.

Rojana-1, which started drilling on 23 June 2014, reached a total depth at 4,916 feet (1,498.4 metres) measured depth, or -4,126 feet total vertical depth subsea. No significant hydrocarbon shows were detected in the target reservoirs.

Water depth at the well location is 230 feet. The well is the final commitment well for the G11/48 licence, where the joint-venture partners are developing the Nong Yao oil field. Nong Yao is expected to commence oil production in the first half of 2015.

G11/48 covers 3,374 sq km over the southern margin of the Pattani Basin and the northwest margin of the Malay Basin in water depths of up to 75 metres. The block also contains the Angun and Mantana oil and/or gas discoveries.

KrisEnergy holds 22.5% working interest in G11/48. Mubadala Petroleum G11 (Thailand) Limited, the operator, has a 67.5% working interest and Palang Sophon Limited holds 10%.

Rojana-A was drilled using the Atwood Orca jack-up rig owned by Atwood Oceanics.