LogIn LogOut

PTTEP Makes Gas Discovery in Off Australia

March 11, 2019

Thai oil and gas company PTT Exploration and Production Public Company Limited (PTTEP) has made a gas and condensate discovery at the Orchid-1, the first exploration well in Permit AC/P54 located in the Timor Sea, Australia.

Phongsthorn Thavisin, President and Chief Executive Officer of PTTEP disclosed that PTTEP Australasia (Ashmore Cartier) (PTTEP AAA), a wholly owned subsidiary of PTTEP had made a successful discovery of gas and condensate at the Orchid-1, said a statement from the company.

Commenced in January this year, the drilling of the Orchid-1 was undertaken to a total depth of 2,925 meters. The well encountered gas and condensate with the net pay thickness around 34 meters.

The result is in line with PTTEP’s expectation and will be incorporated into development planning of Cash-Maple field which contains 3.5 TCF of resources, it said.

AC/P54 is an exploration permit under PTTEP Australasia project which comprises Permits AC/L3, AC/RL4, AC/RL5, AC/RL6, AC/RL7 (Cash-Maple field), AC/RL10, AC/RL12 and AC/P54 in the Timor Sea off northern Western Australia.



Current News

Inside OPEC, Views are Growing That Oil's Rally Could be Prolonged

Inside OPEC, Views are Growing That Oil's Rally Could be Prolonged

Energean Expects First Gas from Karish Offshore Field by Q3

Energean Expects First Gas from Karish Offshore Field by Q3

Oil Prices Climb to Highest Since 2014

Oil Prices Climb to Highest Since 2014

UAE Energy Minister: World Needs to Invest $3 trln-plus in Renewables in 10 years

UAE Energy Minister: World Needs to Invest $3 trln-plus in Renewables in 10 years

Inpex to Drill for Gas Offshore Japan

Inpex to Drill for Gas Offshore Japan

PetroChina Tops Singapore's List of 2021 Bunker Fuel Suppliers

PetroChina Tops Singapore's List of 2021 Bunker Fuel Suppliers

Vietnam Firm Launches $220M Offshore Wind Farm

Vietnam Firm Launches $220M Offshore Wind Farm
photo

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com