Coastal Strikes Oil Pay at Bua Ban North
Coastal Energy has hit pay in its Bua Ban North A-03 exploration well. The well was drilled to a total depth of 5,346 feet (1,629 meters) and made a discovery in the Miocene interval, encountering about 125 feet (38 meters) of net pay with 28% average porosity.
The A-03 well tested a fault block which is south of and deeper than the Miocene discoveries in the A-01 and A-04 wells. Coastal predicts that this fault block holds nearly 20 million barrels of oil-in-place. The company plans to suspend the well and then complete it with a workover rig once the MOPU arrives on location in mid-May to begin production testing.
The Bua Ban field is located on Block G5/43 in the Gulf of Thailand. Coastal Energy wholly owns and operates the block.SubseaIQ provides focused, in-depth coverage of offshore field development activities around the world, with daily updates on hundreds of offshore fields and facilities. Click here to sign up for the free weekly email newsletter.
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