Apico weighs sidetrack in South Phu Horm
Apico is considering a sidetrack of its South Phu Horm appraisal onshore
Thailand after the vertical well tested gas at non-commercial rates.
The SPH-1 appraisal well, located on Apico’s 100%-owned block owned L15/43,
was drilled to a total depth of approximately 3229 metres.
Gas shows were encountered in both the Hua Hin and Pha Nok Khao formations
and an open-hole test was run across the primary PNK formation.
However the well tested gas at rates after acid stimulation that would not
support commercial production from this location.
The drilling, log and test data suggest that the fracturing needed to
provide effective deliverability in the PNK carbonates is not present at the
appraisal well location.
The operator has suspended the appraisal while it considers a sidetrack.
Apico’s major shareholders include Salamander Energy and Coastal Energy.
The appraisal was located about three kilometres south of the PH-5 well,
which is the most southern producer on the Sinphuhorm gas field.
“The results of the South Phu Horm well were non-commercial [however] the
field continues to perform well and we plan to come back later in the year
and drill additional exploration and appraisal wells on our onshore
properties,” said Coastal chief executive Randy Bartley.
“The area has large gas potential that will be developed to meet the growing
demand for energy in Thailand.”
Sinphuhorm is currently producing 86.5 million cubic feet per day of gas and
the Khorat basin field’s daily contract quantity has increased to 92 MMcfd.
The co-venturers believe that Sinphuhorm is capable of producing.
Partners in the Sinphuhorm field, located in production licences EU1 and E5N
are Hess, Apico, ExxonMobil and PTTEP.
06 May 2008 20:36 GMT
| last updated:
06 May 2008 21:09 GMT
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