Pan Orient Energy Updates on Operations in Thailand, Indonesia
Canada's oil and gas exploration and production company Pan Orient Energy Corp. (Pan Orient or the Corporation) provided Wednesday an update on operations in Thailand and Indonesia.
Concession L53 Onshore Thailand (Pan Orient Operator and 100 Percent Working Interest)
Thailand Oil Production
The L53-G field production environmental impact assessment (EIA) was approved by the Government of Thailand Feb. 19. The three L53-G wells that had been shut-in awaiting EIA approval, commenced production shortly thereafter. Total L53 Concession production is currently 1,112 barrels of oil per day (bopd) and has averaged 1,118 bopd since Feb. 20, the first day all the L53-G wells had been on production for a full 24 hour period.
L53A Central Exploration Well
The L53-A Central high impact exploration well is currently setting casing at a depth of 738 feet (225 meters) and is anticipated to reach total depth in approximately 10 days.
Indonesia Operations
In response to the Jan. 31 date for farm-in proposals to be submitted for the Batu Gajah and East Jabung Production Sharing Contracts (PSCs), Pan Orient has received requests from companies seeking either a) a timeline extension to evaluate the recently completed 2D seismic in East Jabung and 3D seismic processing just completed in Batu Gajah PSC, or b) received proposals conditional upon final review of this recently acquired seismic data. In order to facilitate these requests, Pan Orient has extended the timeline with respect to the receipt of proposals to March 31 for both Batu Gajah and East Jabung PSCs. In addition, as a number of companies have also been evaluating the Citarum PSC, the Feb. 28 proposal submission date for Citarum PSC has also been extended to March 31 in order to facilitate proposals which include multiple PSC's.
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.
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- USA Driving Activity to Increase to All-Time Highs
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- I Squared Eyes Full Ownership of Europe Gas Storage Firm
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension