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Wassana Oil Field Shut in due to Tropical Storm Pabuk

Source: www.gulfoilandgas.com 1/3/2019, Location: Asia

KrisEnergy Ltd. (“KrisEnergy” or the “Company”), an independent upstream oil and gas company, announces 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.

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%.

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