Three oil discoveries in the Gulf of Thailand

Sean Guest, President and CEO commented:“I am pleased to announce that our exploration drilling campaign has resulted in three new oil discoveries, one in the Nong Yao D area, and two in the north-east portion of the Wassana concession.

As we continue to pursue adding value through growth, near-field exploration forms an important part of sizing up the organic potential of our assets. With successful results like these, the opportunity set before us is continuing to expand.

Following this exploration drilling campaign, we are returning to both infill drilling and development work, which is intended to increase production rates over the coming months to support cash flow generation, particularly as we see benchmark oil prices rise to new highs for this year. We are also planning for further exploration drilling elsewhere in our portfolio later in the year.”

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/16042024/three-oil-discoveries-in-the-gulf-of-thailand/