KrisEnergy reviewing commerciality of oilfield operations offshore Thailand

May 6, 2020
KrisEnergy has implemented health and safety measures in all its offices and field locations across Southeast Asia, as mandated by host government authorities.

Offshore staff

SINGAPOREKrisEnergy has implemented health and safety measures in all its offices and field locations across Southeast Asia, as mandated by host government authorities.

The company has taken steps to remove all non-essential personnel from field operations and lengthen shift rotations at its operated Wassana oil field in the G10/48 concession in the Gulf of Thailand.

It is also working with suppliers and contractors to ensure timely operations and address any potential disruptions to deliveries of equipment and materials caused by travel restrictions related to COVID-19.

At Wassana, oil production during 1Q averaged 3,605 b/d. In light of the current oil market volatility and the approaching expiry of certain equipment charters, the company is reviewing the field’s commerciality at current and future projected oil prices.

As for the non-operated B8/32 oil and gas complex in the Gulf of Thailand, 1Q output averaged 19,106 b/d of oil and 65.7 MMcf/d of gas. So far this year, seven infill wells have been drilled, completed and placed into production as part of an eight-well campaign which started last year.

Although a further 16 wells were scheduled for 2020, the operator is re-evaluating the drilling schedule.

Regarding KrisEnergy’s Apsara oilfield project in block A off Cambodia, the Ingenium II production barge is nearing mechanical completion, with scaffolding being removed from the decks and commissioning under way of electrical systems and the uninterruptible power supply, which will support the safety and emergency systems.

On April 21, Singapore’s government imposed further measures to stem the spread of COVID-19 including restrictions on essential workers at the country’s shipyards.

These measures are due to remain in place until June 1. On April 27, the Ministry of Trade and Industry also ordered work on the Ingenium II vessel to be suspended until further notice.

On Batam Island, Indonesia, construction of the topsides and jacket for the minimum facilities wellhead platform began last December at the PT Profab3 yard. All three topside decks have been fabricated and installation is under way of the crane, local equipment room, variable-speed drives, piping and electrical and instrumentation equipment.

Construction of the jacket is nearing completion and mud mats have been installed.

Since late April, the yard has been operating with a reduced work force and activities are gradually slowing as consumables and materials become less widely available. At the same time, travel into and out of Indonesia is restricted. 

Currently KrisEnergy is negotiating services and facilities to transport and install the platform and production barge to the Apsara field location in the Gulf of Thailand, and it is also in talks concerning a jackup for development drilling.

A cargo of 13-3/8-in. and 7-in. buttress thread casing arrived in Sihanoukville, Cambodia, from Shanghai at the end of March and has since been transported to a shore base for storage prior to development drilling.