KrisEnergy celebrated first oil last week from the Wassana oil field at the G10/48 concession in the Gulf of Thailand.
Production at the field officially commenced on August 14, KrisEnergy said.
Wassana production is expected to reach a peak rate of about 10,000 barrels of oil per day as additional development wells are drilled and completed by the Key Gibraltar jack-up rig.
Up to 15 development wells are planned, with 14 producer wells and one water disposal well.
The Wassana infrastructure is made up of a mobile offshore production unit, the MOPU Ingenium, a mooring buoy and the Rubicon Vantage floating storage offloading vessel.
The G10/48 contract area covers 1,813 square miles over the Southern Pattani Basin in water depths of up to 196 feet.
KrisEnergy became the operator of the G10/48 block in May 2014.
The contract area also holds the Niramai, Mayura and Rayrai discoveries.
KrisEnergy holds an effective 89 percent working interest in G10/48 and Palang Sophon Offshore holds an effective 11 percent working interest.
“Wassana is KrisEnergy’s first operated oil project and the start of production marks a major milestone in the Company’s evolution. Work is now underway to bring another five wells on stream and to optimize production in this initial wave of drilling. This field is the first of a series of KrisEnergy-operated developments we are working on in Thailand, Cambodia and Indonesia,” KrisEnergy director of exploration and production Chris Gibson-Robinson said.
KrisEnergy has non-operated working interests in the B8/32, B9A and G11/48 producing blocks and is the operator of G10/48 and G6/48, where it drilled four successful exploration wells in 2015 and has submitted a plan of development for the Rossukon oil field.
It also operates Block A across the maritime border in Cambodian waters, where it is seeking to develop the Apsara oil field.