Rig: Key Gibraltar

KrisEnergy completes Rayrai-1 well

KrisEnergy Ltd. (“KrisEnergy”), has provided an update to the drilling of the Rayrai-1 exploration well in block G10/48 in the Gulf of Thailand. KrisEnergy announced that the Rayrai-1 well has reached a total depth of 6,382 feet (1,945 metres) measured depth and intersected approximately 50 feet true vertical depth of net oil-bearing sandstones. The well, which is located in 170 feet of water was drilled by the Key Gibraltar jackup rig.

KrisEnergy spud Rayrai-1 exploration well

KrisEnergy Ltd. (“KrisEnergy”), an independent upstream oil and gas company, has announced that the company has begun drilling operations at the Rayrai-1 exploration well in block G10/48 in the Gulf of Thailand. The Rayrai-1 well is located in 52 metres of water and is projected to be drilled to a total depth of 1,945 metres. Following the completion of the exploration well, KrisEnergy will use the Key Gibraltar jackup to drill 15 development wells on the Wassana oil field located in the same block.

KrisEnergy completes Rossukon-3 sidetrack well

KrisEnergy Ltd. (“KrisEnergy”), an independent upstream oil and gas company, has announced that the Rossukon-3ST well in G6/48 in the Gulf of Thailand has reached total depth and concludes the company’s 2015 drilling campaign in the area. The Rossukon-3ST well was drilled to a total depth of 2,025 metres and interpreted both oil and gas. The well was drilled by Shelf Drilling’s Key Gibraltar jackup rig which will now move to block G10/48 where KrisEnergy will drill the Rayrai-1 exploration well, followed by 15 development wells on the Wassana oil field.

KrisEnergy announces discovery at Rossukon-3

KrisEnergy Ltd. (“KrisEnergy”), an independent upstream oil and gas company, provides an update on the Rossukon-3 exploration well in G6/48 in the Gulf of Thailand, which was drilled by the Key Gibraltar jack-up rig following the successful evaluation of the Rossukon-2 and sidetrack wells in March 2015. Rossukon-3 was drilled to a total depth of 7,497 feet (2,285 metres) measured depth, or -6,235 feet true vertical depth subsea (“TVDSS”). KrisEnergy’s preliminary interpretation of well logs indicates that the well intersected approximately 75 feet true vertical depth (“TVD”) of net oil-bearing sandstones and 49 feet TVD of net gas-bearing sandstones over several reservoir intervals. Water depth at the Rossukon-3 location is 208 feet. The well lies 1.9 km west of the Rossukon-2 surface location and 1.8 km northwest of the original Rossukon-1 discovery well, drilled in 2009. Rossukon-3 will be plugged back and the G6/48 partners have agreed to immediately begin drilling the Rossukon-3ST sidetrack exploration well. Rossukon-3ST is planned to drill to a total depth of 6,689 feet (2,039 metres) measured depth (-4,500 feet TVDSS) at a maximum deviation of 74 degrees. Chris Gibson-Robinson, Director Exploration & Production, commented: “The three wells drilled so far in this campaign are promising and will increase the contingent resources in G6/48. Once Rossukon-3ST is completed, we will undertake a thorough technical review incorporating data from all the Rossukon wells, and the existing seismic data, to more fully assess the potential for commercial development in the future.” G6/48 covers 566 sq. km over the Karawake Basin and lies to the north of the G10/48 licence, where KrisEnergy is developing the Wassana oil field. KrisEnergy took over operatorship of G6/48 in May 2014. The Company holds a 30% working interest in the concession and is partnered by Northern Gulf Petroleum Pte Ltd with 40% and Mubadala Petroleum with 30%. The Key Gibraltar jack-up rig is owned by Shelf Drilling (Southeast Asia) Limited. KrisEnergy contracted the rig for a firm six months for its Thai drilling program, which includes the latest Rossukon series of wells in G6/48 and 15 development wells in the Wassana oil field.

KrisEnergy spuds Rossukon-3 well

KrisEnergy Ltd. (“KrisEnergy”), an independent upstream oil and gas company, has announced that the Key Gibraltar jackup rig has commenced drilling of the Rossukon-3 exploration well in G6/48 in the Gulf of Thailand. Rossukon-3 is the third exploration well to be drilled in the G6/48 contract area in 2015 following the evaluation of Rossukon-2 and Rossukon-2ST, which were drilled in March. Rossukon-3 lies 1.9 km west of the Rossukon-2 surface location and 1.8 km northwest of the original Rossukon-1 discovery well, drilled in 2009. The well is planned to reach total depth at 7,468 feet (2,276 metres) measured depth (-6,235 feet true vertical depth subsea) and will test Early Miocene fluvial sandstones on a broad structural high. Water depth at the Rossukon-3 well location is 208 feet. G6/48 covers 566 sq. km over the Karawake Basin and lies to the north of the G10/48 licence, where KrisEnergy is developing the Wassana oil field. KrisEnergy took over operatorship of G6/48 in May 2014. The Company holds a 30% working interest in the concession and is partnered by Northern Gulf Petroleum Pte Ltd with 40% and Mubadala Petroleum with 30%.

KrisEnergy completes Rossukon-2 sidetrack well

KrisEnergy Ltd. (“KrisEnergy”), an independent upstream oil and gas company, provides an update on the drilling of the Rossukon-2ST sidetrack exploration well in G6/48 in the Gulf of Thailand, which was drilled following the announcement on 24th March 2015 of the Rossukon-2 oil and gas discovery. Rossukon-2ST was drilled to a total depth of 7,270 feet (2,216 metres) measured depth (-5,263 feet true vertical depth subsea) at a deviation of 57 degrees. KrisEnergy’s interpretation of preliminary well logs indicates that the well intersected approximately 40 feet true vertical depth (“TVD”) of net oil-bearing sandstones and 100 feet TVD of net gas-bearing sandstones, over several reservoir intervals. Chris Gibson-Robinson, Director Exploration & Production, commented: “The Rossukon-2ST exploration sidetrack has encountered the highest net pay of the three discovery wells drilled so far within the Rossukon area and also extends the area over which hydrocarbon bearing reservoirs are present some 1.8 km northwest of the original 2009 Rossukon-1 discovery well. The results are encouraging and we are in discussion with our partners about the next steps to fully determine hydrocarbon volumes in the Rossukon area.” G6/48 covers 566 sq. km over the Karawake Basin and lies to the north of the G10/48 licence, where KrisEnergy is developing the Wassana oil field. The Company took over operatorship of G6/48 in May 2014. It holds a 30% working interest in the concession and is partnered by Northern Gulf Petroleum Pte Ltd with 40% and Mubadala Petroleum with 30%. The Key Gibraltar jack-up rig, which drilled the Rossukon-2ST well, is owned by Shelf Drilling (Southeast Asia) Limited. KrisEnergy has contracted the rig for a firm six months for its Thai drilling program, which includes the Rossukon series of wells in G6/48 and 15 development wells in the Wassana oil field.

KrisEnergy strikes oil with Rossukon-2

KrisEnergy Ltd. (“KrisEnergy”), an independent upstream oil and gas company, has announced that the company’s Rossukon-2 exploration well was successfully drilled to a total depth of 5,460 feet measured depth. Preliminary well logs indicate that the well intersected approximately 69 feet true vertical depth (“TVD”) of net oil bearing sandstones and 37 feet TVD of net gas-bearing sandstones, over five reservoir intervals. The logging program is expected to be completed by 25th March 2015 at which point Rossukon-2 will be plugged back and the Rossukon-2ST directional sidetrack will commence drilling out approximately 1.3km to the northwest.

KrisEnergy spuds Rossukon-2 well in Thailand

KrisEnergy Ltd. (“KrisEnergy”), an independent upstream oil and gas company, has announced that the Key Gibraltar jackup rig commenced drilling of the Rossukon-2 exploration well in G6/48 in the Gulf of Thailand on the 17th March 2015. The jackup is drilling in the same location as where the Rossukon oil accumulation was discovered in 2009. Rossukon-2 lies 1 km northeast of the Rossukon-1 discovery well. The well is planned to reach total depth at 5,462 feet (1,665 metres) measured depth (-4,925 feet total vertical depth subsea) and will test Early Miocene stacked fluvial sandstones on a broad structural high. The well will also appraise the Rossukon-1 reservoir, which tested 850 barrels of oil per day, and is designed to identify additional volumes of oil that could move the discovery closer to commercial development. Water depth at the Rossukon-2 well location is 210 feet. G6/48 covers 566 sq. km over the Karawake Basin and lies to the north of the G10/48 licence, where KrisEnergy is developing the Wassana oil field. The Company took over operatorship of G6/48 in May 2014. It holds a 30% working interest in the concession and is partnered by Northern Gulf Petroleum Pte Ltd with 40% and Mubadala Petroleum with 30%. The Key Gibraltar jack-up rig is owned by Shelf Drilling (Southeast Asia) Limited. KrisEnergy has contracted the rig for a firm six months for its Thai drilling program, which includes Rossukon-2 in G6/48 and 15 development wells in the Wassana oil field.

Shelf Drilling secures new contract for 'Key Gibraltar'

KrisEnergy Ltd. (KrisEnergy) an independent upstream oil and gas company has announced that its contracted the ‘Key Gibraltar’ jack-up rig for development, appraisal and exploration drilling in two licences in the Gulf of Thailand. The contract with Shelf Drilling (Southeast Asia) Limited, will commence around 1st January 2015 and will run for a firm six-month term with an option to extend for an additional two months. No value was released for the contract. The drilling program is anticipated to comprise 12-14 development wells in G10/48 where the Company is developing the Wassana oil field, together with several exploration wells in the contract area. Once the G10/48 drilling program is concluded, the Key Gibraltar will mobilise to G6/48 to the north, where KrisEnergy is also the operator, and undertake appraisal drilling in the Rossukon area where oil was discovered in 2009. The ‘Key Gibraltar’ is currently operating in Vietnam, where is contracted by PetroVietnam until mid-september with a dayrate of USD153,000.