Singapore: KrisEnergy has moved ahead and approved the development of the Wassana oil field in the Gulf of Thailand.
Production is scheduled to commence in the second half of 2015 comprising a MOPU and 12-14 development wells producing to a floating storage offloading vessel. KrisEnergy will use a converted Bethlehem matt type jack-up rig, suitable for water depths up to 65 metres with full hydrocarbon processing facility for up to 20,000 barrels of oil per day.
The Wassana oil field is expected to reach a peak production of 10,000 bopd.
Chris Gibson-Robinson, director exploration & production, commented: “Having taken over operatorship of G10/48 in mid-May we are making good headway in advancing the Wassana development. The MOPU solution is efficient both in timing and costs, but also provides the flexibility to look at future commercialisation of other discoveries in the G10/48 licence area. We have also mapped a portfolio of prospects and leads in this block, some of which will provide additional development areas once we have completed further exploration drilling.” [30/06/14]