Australia-based Tap Oil Limited provided Monday the following update on the Malida-1 exploration well in the Northern Gulf of Thailand. Malida-1 is a commitment well in G1/48.
The Malida-1 exploration well is located in the G1/48 concession in the Gulf of Thailand approximately 3.1 miles (5 kilometers) northeast of the Manora oil development. Mubadala Petroleum is the operator of G1/48.
The well will test for the development of the main Miocene age interval of the Manora oil bearing sands in an independent fault dependent structure, east of the Manora field and further into the basin. Success at Malida-1 could open up a new oil fairway. Contingent well operations (including deepening Malida-1 to test the underlying Oligocene section and possible side-tracking) may be undertaken in the event of success at Malida-1.
Contingent well operations were approved and the well was deepened to test the underlying Oligocene section.
Malida-1 was spud Nov. 15. During the period from 0600 hours WST Nov. 18 to 0600 hours WST Nov. 25, the well drilled to a final total depth of 10,206 feet (3,111 meters) measured depth. Data acquired while drilling (mudlog and Logging While Drilling) indicates the presence of hydrocarbons in the primary target. Wireline logging has commenced to obtain further data to evaluate the well.
The forward plan is to continue wireline logging operations. A statement will be made on the status of the well once logging operations and the interpretation of the well data is finalized.
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