(Image courtesy of Loyz Energy)

A subsidiary of Singapore’s Loyz Energy has completed its purchase of 20 percent interests in three producing assets in central Thailand for $65 million.

Loyz is purchasing the assets from Carnarvon Thailand.

The blocks, SW1, L44/43, and L33/43, are in the Phetchabun basin 300 km north of Bangkok.

Loyz said production from the assets was around 3,000 bpd in early April 2014.

The group has drilled three wells in 15-well program planned this year for the concessions.

The assets are estimated to have probable reserves of 29.6 billion bbl.


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