Carnarvon to Begin Drilling Huai Phai Prospect in October

Carnarvon Petroleum and Pacific Tiger Energy said drilling operations on the Haui Phai Propsect in Thailand are expected to begin in October. The well is expected to take 11 days to drill plus additional time to complete.

Huai Phai is a four way dip closed anticlinal structure delineated by a 2D and 3D seismic grid and lies two kilometers immediately to the west of the producing Wichian Buri oil field. The well will be drilled to approximately 1050 meters to test the regionally extensive F Sandstone as the primary target with the G Sandstone providing a secondary target. A mature hydrocarbon source is known to exist in the adjacent fault block and oils shows have been encountered up dip from Huai Phai suggesting that it is within the migration fairway. Huai Phai has an areal closure of 2.2 square kilometers and the operator has indicated that Huai Phai could contain some 14 MMBO in place based on locally derived reservoir parameters with 2.5 MMBO recoverable. The Huai Phai-1 site location is fully constructed and consumables have been purchased.