Pearl Oil Spuds Anchan-1 Well

MEO Australia Limited advised that Pearl Oil Offshore Limited (an affiliate of Mubadala Petroleum) has commenced drilling in the Gulf of Thailand G2/48 Concession with the spudding of Anchan-1 at 23:00 hours (local time) Nov. 15. This well is expected to take approximately 7-10 days to drill and will fulfill the Permit Year 5 obligation. As the Year 5 obligation is prior to MEO's entry to the Concession, Pearl Oil is drilling Anchan-1 at its sole expense.

Anchan-1 is designed to test an oil prospect situated close to the NW-SE trending bounding fault to the Rayong Basin. The primary objective of this well is to evaluate a 4-way dip closure overlying a relay-ramp basement block.

Immediately after Anchan-1 has been completed, Sainampueng-1 will be drilled from the same surface location and will fulfil the Permit Year 6 obligation.

"We are very pleased to be partnering with Pearl Oil and look forward to a safe and successful drilling program," MEO's CEO and MD Jürgen Hendrich commented.

WHAT DO YOU THINK?

Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.