Project Profile
Value: Undisclosed
Location: Gulf of Thailand, over the southern margin of the Pattani Basin, Thailand
Area: 9,441 sq km
Water Depth: 60 metres
Start-up Year: -
Block G10/48 covers 9,441 sq km and is located in the Gulf of Thailand over the southern margin of the Pattani Basin, Thailand with water depths up to 60 metres. The partners in G10/48 are currently drafting plans for the development of the Wassana oil discovery for submission to the Thai authorities. In 2006, PEARL Energy Limited, together with its partners, Horizon Oil (Thailand) Ltd and Tana Oil & Gas (Thailand) Ltd, were onditionally awarded the petroleum contract for Block G10/48 in the Gulf of Thailand. PEARLOIL (Thailand) Limited, hold 50% interest in Block G10/48 and is the operator. The remaining 50% interest was shared equally between Horizon and Tana. On 23 November 2009, KrisEnergy acquired a 25% non-operated working interest in Block G10/48 from Horizon.
Operators:
KrisEnergy (Gulf of Thailand) Ltd: Operator with 89% interest
Palang Sophon Offshore: 11% interest
Contractors:
Shelf Drilling (Southeast Asia) Limited: Drilling services using the Key Gibraltar (300\' ILC) jackup for development, appraisal and exploration drilling for a firm 6-month term with an option to extend for an additional 2 months.
Rubicon Vantage International Pte Ltd.: Provision of the Rubicon Vantage FSO (floating storage offloading) vessel
Equatoriale Services Pte Ltd.: Supply of the catenary anchor leg mooring (CALM) buoy for utilization on the Wassana oil development in the G10/48
CGG Services: to carry out a 884 sq. km 3D seismic acquisition program with the survey vessel CGG Amadeus. The seismic program will be carried out in two sub-areas of the G10/48 licence – northwest of Wassana and southwest of Wassana. (July, 2016)