Project Profile
Value: US$100 million
Location: 30 kms to the southeast and on trend with the largest onshore oil field in Thailand at Sirikit
Start-up Year: 2014
L20/50 Concession is located onshore central Thailand in the Phitsanulok basin. Carnarvon and partners were granted the L20/50 exploration concession in January of 2007. The L20/50 concession is situated approximately 30 kms to the southeast and on trend with the largest onshore oil field in Thailand at Sirikit. Previous work has demonstrated that oil has been generated within the L20/50 concession. One previously drilled well at Nong Bua-1 in 1982 intersected significant oil shows which Carnarvon believes were not fully tested. Over the next 12 months, Carnarvon as operator will reprocess all seismic data within the permit and record a high resolution aeromagnetic survey which together will provide a 3 dimensional view of the subsurface. This will enable the recording of new seismic in the most prospective part of the concession and the drilling of at least one well within the first three year obligation period.
This concession was granted to Carnarvon and its 50% partner Sun Resources Limited in January 2007.
Operators:
Siam Moeco Ltd (SML): Operator with 100% interest
Carnarvon Petroleum and Sun Resources NL farmed out Oct 2012