Coastal well result mixed, more drilling set

The Songkhla B-01 exploration well on block G5/43 in the Gulf of Thailand has reached a total measured depth of 9,050 ft (2,758 m) and encountered oil-bearing sands in the Lower Oligocene formation.

Offshore staff

HOUSTON -- The Songkhla B-01 exploration well on block G5/43 in the Gulf of Thailand has reached a total measured depth of 9,050 ft (2,758 m) and encountered oil-bearing sands in the Lower Oligocene formation. The well encountered a breached trap in the Lower Oligocene formation and logged only 10 ft (3 m) of net pay, says Coastal Energy. The Eocene formation contained substantial hydrocarbon shows but with low porosity and permeability.

The company plans to temporarily abandon the well – completion is dependent upon commercial discoveries in the Songkhla B area.

“The next step is to drill the Songkhla B-02 well on the western side of the fault block in order to fully evaluate Songkhla B and make decisions regarding future development, as a commercial discovery will be required to complete and produce the B-01 well,” says Randy Bartley, CEO of Coastal Energy. “Additionally, we have mobilized a workover unit to the Songkhla A location and have begun repair operations on the Songkhla A-04 well.”

01/20/2010

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