(EnergyAsia, September 22 2011, Thursday) — Thai upstream company, PTT Exploration and Production Public Company Limited (PTTEP), said it has found more natural gas in the offshore AC/RL7 block in Australia’s Timor Sea, about 700 km west of Darwin city.
The company’s President and CEO, Anon Sirisaengtaksin, said that wholly-owned subsidiary, PTTEP Australasia Ashmore Cartier Pty Ltd, made the find in an appraisal well at the block’s Cash-Maple field.
The company said it is confident the block has high potential and is preparing to drill another appraisal well next year to confirm the preliminary petroleum reserves.
PTTTEP AAA drilled the Cash-2 well to a depth of 4,135 metres, and recorded flow rates of 28 and 30 million standard cubic feet per day and 663 barrels per day of condensate in two zones.
The well results will provide important input for a preliminary front end engineering design (pre-FEED) study for the potential development of a Floating LNG (FLNG) project to extract stranded gas resources in the Timor Sea. PTTEP AAA fully owns the block.