(MENAFN- ProactiveInvestors - Australia) Tap Oil (ASX: TAP) and operator Pearl Oil are drilling the Kinnaree-1 exploration well in the Gulf of Thailand that targets 11 million barrels of prospective resource in the primary target.
Kinnaree-1 targets the Kinnaree A West prospect in the G1/48 concession, Kra Basin, about 15 kilometres north of the Manora field.
The shallow water well has a planned total depth of 2,689 metres and targets 11 million barrels of oil in the primary target Lacustrine Sands and a further 10.7 million barrels in the secondary Fluvial Sands.
Following completion of Kinnaree-1, the Ensco 85 jack-up drilling rig will move to spud the Pathum-1 prospect in G3/48, expected in November, and the Manora North-1 well in G1/48.
Any commercial discoveries in G1/48 can be brought on stream through the nearby Manora development.
Tap has a 40% working interest in both concessions.
Manora
The joint venture had in July made the Final Investment Decision for the US$246 million Manora Oil Development that is expected to start oil production in early 2014.
Peak production is expected to reach about 15,000 barrels per day from proved and probable reserves of 20.2 million barrels of oil though ultimate recovery could be as high as 31.1 million barrels.
Manora was discovered in late 2009 and appraised by the Manora-2 and 3 wells in 2010.Â
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