Coastal Energy Company has reported exploration results from its Bua Ban South wells in Thailand.

The Bua Ban South A-02 well confirmed 8 feet of net pay in the Lower Oligocene section with 17% porosity and was drilled to a depth of 8,275 feet.

The presence of an oil column was revealed at 1,800 feet.

Coastal Energy president and CEO Randy Bartley said the well penetrated the same reservoir as the A-01 well close to its downdip limit, which helped the company to delineate the size of the Oligocene discovery.

Bartley admitted, however, that his company was disappointed by the lack of hyrdocarbons at Bua Ban South A-03.

"It [A-03] was a higher risk prospect given its location outside of the main bounding fault," added Randy.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The A-04 well was spud 2,500m south of the Bua Ban Main A-11 Miocene discovery to delineate the southern boundary of the Miocene accumulation.