Coastal Energy announces operations update in Gulf of Thailand

Coastal Energy Company, an oil and gas exploration and production company, has announced an update of its operations in the Gulf of Thailand.
A new field discovery was made at the Songkhla area with the third of three planned wells. The Songkhla North field was discovered by the A-11 well, which was drilled to a total depth of 7,974 feet TVD. The well encountered 44 feet of net pay in the Lower Oligocene reservoir with 18% porosity and 69 feet of net pay in the Eocene reservoir with 21% average porosity.
As previously announced, the Songkhla A-09 well was drilled to 8,109 feet true vertical depth and encountered 140 feet of net pay in the Lower Oligocene reservoir with average porosity of 15% and pressures approximating the original reservoir pressure at Songkhla Main. The well also encountered 75 feet of net pay in the underlying Eocene reservoir.
The Songkhla A-12 well was drilled into the same fault block as the A-09 well. The main Lower Oligocene target zone and the Eocene zone which was tested were water bearing at this location; however, pressure data indicate that the Lower Oligocene reservoir in the A-09 and A-12 wells is a new field discovery (Songkhla East).
Randy Bartley, CEO of Coastal Energy, commented: "Drilling results at Songkhla have been successful thus far. We have now identified two new fields in addition to the Songkhla Main field. Production from these fields can be tied into existing facilities at Songkhla once the upgrade of the processing facilities is complete."
Source: Press release