Eco Orient Energy Drills WBEXT-3F Well in Thailand's Blocks L44/43, L33/43

Australia's Carnarvon Petroleum Limited (Carnarvon) reported Tuesday that drilling has been completed on the WBEXT-10B well and has commenced in the WBEXT-3F well in the L44/43 and L33/43 Concessions in Thailand, in which Carnarvon holds a 20 percent interest.

The WBEXT-10B well, drilled down dip in the WBEXT-3C/3D/3D fault block, was completed as a production well after encountering an oil column in the igneous reservoir, and after a week of testing is flowing at rates of between 400 and 450 barrels of oil per day (bopd) with 2-3 percent water cut.

The WBEXT-3F appraisal well is being drilled to determine the extent of the oil column in the WBEXT-3ST1 fault block.

During initial testing of the WBEXT-10B well the Thailand Concessions are flowing over 4,500 bopd (gross) with discussions ongoing with the Operator to determine the ultimate flow rates in line with previous decisions to reduce the rates of new wells in order to increase ultimate recovery per well.

Equity holders in the L33/43 and L44/43 Concessions are:

  • Carnarvon Petroleum - 20 percent
  • Eco Orient Energy (Operator) - 60 percent
  • Loyz Energy - 20 percent

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