Executives of Carnarvon Petroleum attended an official signing with the Minister of Energy and Government officials for the newly awarded L52/50 and L53/50 concessions in the Surat Thani province, onshore on the Thailand peninsular.

The combined area of the two blocks is large, comprising approximately 6,950 km2 however both are lightly explored, with only two deep wells and limited seismic data available.

In the first three year obligation period the Joint Venture has committed to a work program of geological studies, geophysical data acquisition and wells with a total expenditure of around US$2.5 million gross (US$ 1.3 million net to Carnarvon).

The Joint Venture is keen to start work on the blocks, and envisage geological surface mapping and shallow geophysical data acquisition to be undertaken in the first year ahead of detailed 2D seismic acquisition in the second year..

Tags: Carnarvon Petroleum Limited