Exxon Tries to Put the Worst Behind it With $20 Billion Writedown
By Jennifer Hiller HOUSTON, Nov 30 (Reuters) – Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion,...
Singapore-based KrisEnergy Ltd. announced today they have contracted Shelf Drilling’s Key Gibraltar jack-up for a 6-month drilling drilling campaign in the Gulf of Thailand. The contract includes a 2-month extension option.
The drilling program is anticipated to comprise 12 to 14 development wells in G10/48 where KrisEnergy is developing the Wassana oil field, together with several exploration wells in the contract area. Once the G10/48 drilling program is concluded, the Key Gibraltar will mobilize to G6/48 to the north, where KrisEnergy is also the operator, and undertake appraisal drilling in the Rossukon area.
Chris Gibson-Robinson, Director Exploration & Production at KrisEnergy notes the company plans on delivering first oil from the Wassana development by 2H 2015.
KrisEnergy holds 100% working interest in G10/48, which covers 4,696 sq km over the southern section of the Pattani Basin in water depths up to 60 meters. The license contains three oil discoveries – Wassana, Niramai and Mayura – in various stages of development or appraisal.
G6/48 covers 566 sq km over the Karawake Basin on the southern margin of the Pattani Basin and the northwest margin of the Malay Basin in water depths of up to 75 meters.
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