Tap Oil Limited reported Monday that an oil discovery has been made at Malida-1 in G1/48 concession in the Gulf of Thailand. Following the completion of wireline logging operations, 31 feet (9.5 meters) of net oil pay has been interpreted in reservoir quality sandstone within the primary target between 7,860 to 7,913 feet (2,396 to 2,412 meters) measured depth for the well. This interpretation is supported by the recovery of several oil samples taken on wireline testing over this interval.
The confirmation of an oil discovery at Malida-1 enhances the exploration potential of a fairway between the Manora oil field and the new Malida-1 oil discovery for further drilling. A number of leads and prospects are recognized in this area on 3D seismic data. Subject to further successful drilling to aggregate additional resource volumes, there is potential to tie discoveries back to the Manora facility.
The Joint Venture has agreed to plug and abandon Malida-1 and conduct a sidetrack well, Malida-1 ST1(A), in order to test a separate structure adjacent to the structure tested by Malida-1. If successful, these volumes will form part of the aggregation strategy.
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.
Malida-1 was spud Nov. 15. During the period 0600 hours WST Nov. 25 to 0600 hours WST Dec. 2, the well was drilled to a final total depth of 10,219 feet (3,115 meters) measured depth. A comprehensive wireline logging program was undertaken in the well, including wireline pressure testing and sampling.
The Malida-1 well was plugged and abandoned and the sidetrack well, Malida-1 ST1(A), commenced. During the period, Malida-1 ST1(A) was drilled to a depth of 2,034 feet (620 meters) measured depth.
The forward plan is to drill Malida-1 ST1(A) to a final total depth of 10,580 feet (3,225 meters) measured depth.
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