Project Profile
Value: Undisclosed
Location: Northeast Thailand
Start-up Year: 2015
Area: 31.91 sq. km
Block L27/43 is 80km southeast of the Sinphuhorm field and contains the Dong Mun gas discovery made by Esso in 1990.
Seismic data over the block clearly illustrates a variety of plays from isolated and fringed reefal build-ups to karsted Permian carbonates. In 2008, Salamander and its partners drilled the Dong Mun-3 appraisal well that found gas in the primary Pha Nok Khao carbonate objective. However, the well also encountered gas in shallower Jurassic and Triassic clastics.
The shallow feature, Phu-Kheng, was drilled in H2 2009 and frac-tested in H1 2010 although it did not flow at commercial rates.
Coastal currently holds a 36.1% stake in the joint venture which operates the block, Apico.
However, the company revealed that it is taking a further 2.9% slice for US$9.25 million in cash to take its holding up to 39%.
Operators:
Ophir have a 27.2% non-operated interest, Block L15/43 (APICO operator).
Ophur have a 27.2% non-operated interest, Block L27/43 (Dong Mun) and APICO (operator) has a 35% interest in the Sinphuhorm field
Ophur has a 9.5% non-operated interest, Block E5N/EU1 (Sinphuhorm) (PTTEP operator).