Pearl Energy Awarded Block G11/48 in the Gulf of Thailand

Pearl Energy together with its partners, Horizon Oil (Siam) Ltd and Tana Resources (Thailand) Ltd, has been conditionally awarded the petroleum contract for Block G11/48 in the Gulf of Thailand.

Pearl Thailand will hold 50% interest in Block G11/48 and will be the operator. The remaining 50% interest will be shared equally between Horizon and Tana.

Block G11/48 is located in the southern Gulf of Thailand, to the south of Pearl's Chang Daeng (Block B11/38) and Bussabong (Block B12/32) production areas. The block covers an area of 13,600 sq. km and is adjacent to the western boundary of the Malaysia-Thai Joint Development Area, where several large gas condensate fields have been discovered.

"This is one of two blocks in Thailand in which we will strengthen our partnership with Horizon and Tana. It is extremely promising acreage and marks a significant addition to our exploration portfolio in a country where the bulk of our crude oil production is located," said Chris Gibson-Robinson, Pearl's Chief Operating Officer.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Project Controls Specialist
Expertise: Project Management
Location: Minneapolis
Business Development Manager
Expertise: Business Development|Construction Manager|Sales
Location: West Sacramento, CA
Business Development Manager
Expertise: Business Development|Construction Manager|Sales
Location: Denver, CO
search for more jobs

Brent Crude Oil : $50.79/BBL 1.30%
Light Crude Oil : $49.96/BBL 1.10%
Natural Gas : $2.77/MMBtu 2.12%
Updated in last 24 hours