The appraisal drilling disappointed and PTTEP has moved the rig off location in the environmentally sensitive area, resulting in local fishermen and residents claiming victory.
However, the operator confirmed to Upstream that the reason for stopping operations was the failure to firm up new crude reserves.
One third party source said that Nang Nuan had original oil in place reserves of 100 million barrels of crude, of which just 5 million barrels has to date been produced via one well.
Late
