[Thailand] Rossukon

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escveritas
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[Thailand] Rossukon

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G6/48 covers 371 sq km over the Karawake Basin on the western margin of the Pattani Basin in the Gulf of Thailand. Water depths in the area range from 60 metres to 70 metres.

The original Rossukon oil discovery was drilled in 2009. In March 2015, KrisEnergy drilled four exploration wells - Rossukon-2, Rossukon-2ST, Rossukon-3 and Rossukon-3ST - all of which successfully encountered oil and/or gas. A production area application for the development of the Rossukon accumulations was submitted to the authorities in June 2015 and approved in November 2015.

KrisEnergy holds a 30% working interest in the G6/48 reservation area and 100% working interest in the G6/48 production area, which contains the Rossukon oil development. The other partners in the G6/48 reservation area are Mubadala Petroleum with 30% and Northern Gulf Petroleum with 40%.

Source: Eocene to Late Oligocene lacustrine and Miocene fluvio-deltaic shales

Reservoir: Oligo-Miocene fluvio-deltaic sandstones

Trap: Tilted fault blocks

Seal: Oligo-Miocene intra-formational shales

G6/48
Successful Rossukon drilling in 2015,
production area approved
escveritas
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Joined: Sat Aug 29, 2020 5:40 am
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Re: [Thailand] Rossukon

Unread post by escveritas »

Re-invigorating a stalled development

Block G6/48 contains the undeveloped Rossukon oil field, which is an accumulation of medium sweet crude oil contained within fluvial detaic reservoirs of Miocene age. The field contains best estimate (2C) unrisked contingent resources of 4.7 MMbbls of oil, classified as “development pending,” in addition to certain additional 2C unrisked contingent resources, classified as “development unclarified.”*

The Thai regulator has approved development of the Rossukon field, and the equity partners are in discussion relating to the development concept and timing of capital spending and resultant production. Valeura regards block G6/48 as source of potential upside value to its Gulf of Thailand portfolio.

Valeura’s acquisition of a 43% operated interest** was completed on June 15, 2022. The remaining 57% interest is held by Northern Gulf Petroleum.
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