SINGAPORE (Yosefardi) – KrisEnergy Ltd., an independent upstream oil and gas company, announces that drilling operations have concluded at the Rojana-1 exploration commitment well in block G11/48 in the Gulf of Thailand.
Rojana-1, which commenced drilling on 23 June 2014, reached a total depth at 4,916 feet (1,498.4 metres) measured depth, or -4,126 feet total vertical depth subsea. No significant hydrocarbon shows were detected in the target reservoirs.
KrisEnergy holds 22.5% working interest in G11/48. Mubadala Petroleum G11 (Thailand) Limited, the operator, has a 67.5% working interest and Palang Sophon Limited holds 10%.
KrisEnergy has also approved final investment decision for the development of the Wassana oil field in the Gulf of Thailand G10/48 licence where production is anticipated to commence in the second half of 2015.
Since 2009, KrisEnergy has built a portfolio of 18 contract areas in Bangladesh, Cambodia, Indonesia, Thailand and Vietnam, spanning the entire exploration-to-production life cycle.