Ophir Energy plugs and abandons Soy Siam prospect well
Ophir Energy has plugged and abandoned the G4/50-10 exploration well that was testing the Soy Siam prospect in Thailand after all reservoirs were dry and no hydrocarbon shows were encountered.
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Ophir Energy
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16:39 21/05/19
The company noted that preliminary well analysis had suggested the structure had no access to charge, which was identified pre-drill as one of the risks.
Ophir said the rig will now move to drill the Parichat South West prospect which is independent of Soy Siam as it is testing a different petroleum system.
The Parichat complex is a cluster of four fault blocks located 30 km south of the Bualuang field that have potentially been charged from deeper in the South Western Sub-Basin. Each fault block has multiple stacked, Miocene and Oligocene reservoir targets.
The South West fault block is the initial target with a mean prospective resource of 25 million barrels of oil and a 32% chance of success. If successful, the Parichat South East fault block would form an immediate follow on location, the company said.
At 0825 GMT, shares were down 0.3% at 95.65p.