KrisEnergy Halts Thai Drilling and Production

Singapore-based upstream oil and gas company KrisEnergy has shut-in its producing Wassana oilfield off Thailand due to tropical storm Pabuk that entered the Gulf of Thailand.

Southeast Asian company said in a press note that  as a safety precaution due to Tropical Storm Pabuk, it has temporarily shut in oil production at the Wassana field in the G10/48 licence in the Gulf of Thailand and halted drilling of infill development wells by the Mist jack-up rig.

"All crew from the Wassana mobile offshore production unit and Mist jack-up rig have been safely evacuated to onshore Thailand," it said.

There remains a crew on the Rubicon Venture floating, storage and offloading vessel, which has disconnected from the Wassana field mooring and moved to safe haven.

The Company will provide an operational update once Tropical Storm Pabuk has passed through the area or otherwise appropriate.

The G10/48 contract area covers 1,525 sq. km over the Southern Pattani Basin in water depths of up to 60 metres. KrisEnergy is the operator of G10/48 holding 89% working interest. Palang Sophon Limited holds the remaining 11%.

KrisEnergy holds working interests in three producing oil and/or gas licences, two in the Gulf of Thailand and one onshore Bangladesh. It also participates in 11 blocks in various stages of development, appraisal and exploration in Bangladesh, Cambodia, Indonesia, Thailand and Vietnam.