Press Releases

PTTEP makes new gas discovery in Orchid-1, offshore Australia

8 Mar 2019

Bangkok, March 8, 2019 – Phongsthorn Thavisin, President and Chief Executive Officer of PTT Exploration and Production Public Company Limited (PTTEP) disclosed that PTTEP Australasia (Ashmore Cartier) Pty Ltd (PTTEP AAA), a wholly owned subsidiary of PTTEP had made a successful discovery of gas and condensate at the Orchid-1, the first exploration well in Permit AC/P54 located in the Timor Sea, Australia.  

Commenced in January this year, the drilling of the Orchid-1 was undertaken to a total depth of 2,925 metres. The well encountered gas and condensate with the net pay thickness around 34 metres. The result is in line with PTTEP’s expectation and will be incorporated into development planning of Cash-Maple field which contains 3.5 TCF of resources.

AC/P54 is an exploration permit under PTTEP Australasia project which comprises Permits AC/L3, AC/RL4, AC/RL5, AC/RL6, AC/RL7 (Cash-Maple field), AC/RL10, AC/RL12 and AC/P54 in the Timor Sea off northern Western Australia.

For more information, please contact Media Management Section

Tongchit Pongorapin                 Tel. +66 (0) 2537 4587        

Nalin Viboonchart                      Tel. +66 (0) 2537 4834

Korbua Dumrongmonkolkul       Tel. +66 (0) 2537 7142

E-mail: PTTEPCorpCom@pttep.com
Website:
http://www.pttep.com
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The information, statements, forecasts and projections contained herein reflect the Company’s current views with respect to future events and financial performance.   These views are based on assumptions subject to various risks.   No assurance is given that these future events will occur, or that the Company’s future assumptions are correct.   Actual results may differ materially from those projected.