Published 24 February 2012
Coastal Energy Company has identified a vertical gas column of 113m at the Dong Mun 3 onshore gas well on Block L27/43 in Thailand.
The sidetrack drilled to a depth of 2,539m encountered a vertical gas column of 113m with porosity of 6% tested for 24 hours.
It produced at an average rate of 15 mmcfd with flowing pressure of 1,950 psi through a 32/64" choke.
Coastal Energy president and CEO Randy Bartley said that the test results of the Dong Mun 3 sidetrack are extremely encouraging.
"The drilling results combined with the new 3D seismic strongly indicate that this gas structure has an areal extent of over 5,000 acres, giving this resource tremendous potential," added Bartley.
Coastal holds a 36.1% interest in APICO, the joint venture that operates the L27/43 concession.
Coastal Energy stated it has also drilled two additional producing wells and a water injection well at Bua Ban North offshore Thailand.
One of the producing wells was drilled horizontally, has been tied in and the company has two more wells to bring online at Bua Ban North.
Current offshore production is averaging 26,000 bopd, bringing total company production to 28,000 boepd.
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