Ophir Commences Drilling Program in Gulf of Thailand's Block G4/50
“The Soy Siam and Parichat SW wells represent low cost exploration wells that, at current oil prices, can still deliver attractive risked returns in the event of success. Moreover, as the first well penetrations in the South Western Sub-Basin, these wells have the potential to unlock a considerable drilling inventory and substantial prize. Any discovery could be swiftly developed and potentially repeated. Over the past decade, other operators have created substantial value pursuing similar strategies throughout the Gulf of Thailand. If Ophir encounters success in these first two wells, we would be well placed to replicate this.”
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