Coastal Energy Announces Sinphuhorm Field Update

Source: www.gulfoilandgas.com 5/6/2008, Location: Asia

Coastal Energy Company announced the drilling results for the South Phu Horm 1 appraisal well. South Phu Horm (SPH-1) Appraisal Well. The SPH-1 well was drilled to a total depth of approximately 3229 meters (-2,640 meters sub-sea) and encountered gas shows in both the Hua Hin Lat and Pha Nok Khao (PNK) formations. A full suite of logs were run and an open hole test conducted across the PNK primary target interval. The SPH-1 well tested gas at rates, after acid stimulation, that would not support commercial production from this location. The drilling, log and test data suggest the fracturing necessary to provide effective deliverability in the PNK carbonates is not present at the SPH-1 location and the well has been suspended pending further evaluation for a side track.

Sinphuhorm Field (Production Licenses EU1/E5N)
The Sinphuhorm gas field continues to produce above expectations at an average of 86.5 mmcf/d year to date, with the gas achieving an average price of $7.05 per mcf, ($5.96 per mcf average price for 2007). The Daily Contract Quantity was increased in March 2008 to 92 mmcf/d, and the field has demonstrated an ability to meet this expanded rate without any issues.

There is strong regional demand for gas in Northeast Thailand and the field partners firmly believe that there is capacity from the existing development to meet the increase in demand, and that the field is capable of producing in excess of 100 mmcf/d, through the existing wells and infrastructure.


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Geogra...


Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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