Coastal receives approval for Gulf of Thailand project

Coastal Energy has received government approval of its Environmental Impact Assessment (EIA) for the 75-sq km (29-sq mi) Songkhla production area in the Gulf of Thailand.

Offshore staff

BANGKOK -- Coastal Energy has received government approval of its Environmental Impact Assessment (EIA) for the 75-sq km (29-sq mi) Songkhla production area in the Gulf of Thailand.

The EIA approval, along with already approved Production Area Application, will allow the company to proceed with the installation of permanent production facilities and continue the development of the Songkhla field as planned.

"The receipt of our EIA approval is a major milestone for the company," says Randy Bartley, CEO of Coastal Energy. "It allows Coastal to install production facilities once drilling is complete and proceed with developing the Songkhla field as planned. It is also a testament to Coastal's continued commitment to being an environmentally proactive company."

"We have instituted measures such as zero-discharge drilling to mitigate environmental issues. Songkhla is one of the first near-shore oil developments in the Gulf of Thailand and we are committed to making it a safe and environmentally conscious operation."

11/17/2008

More in Company News