KrisEnergy Ltd. says that oil production from the Wassana oil field in the G10/48 concession in the Gulf of Thailand commenced on 14 August 2015. KrisEnergy became the operator of the G10/48 block in May 2014.
Chris Gibson-Robinson, Director Exploration & Production, commented: “Wassana is KrisEnergy’s first operated oil project and the start of production marks a major milestone in the Company’s evolution. Work is now underway to bring another five wells on stream and to optimise production in this initial wave of drilling. This field is the first of a series of KrisEnergy-operated developments we are working on in Thailand, Cambodia and Indonesia.”
Wassana production is expected to reach a peak rate of approximately 10,000 barrels of oil per day (“bopd”) as additional development wells are drilled and completed by the Key Gibraltar jack-up rig. Up to 15 development wells are planned, 14 producer wells and one water disposal well. The Wassana infrastructure comprises a mobile offshore production unit (“MOPU”), the MOPU Ingenium, a mooring buoy and the Rubicon Vantage floating storage offloading vessel.