Drilling at Manora Oil Development in Gulf of Thailand complete

SYDNEY, Australia -- Mubadala Petroleum, operator of the Manora Oil Development joint venture, has advised that drilling of the MNA-15 and MNA-16 development wells in the Northern Gulf of  Thailand has now been completed.

The MNA-15 and MNA-16 wells have been drilled to final total depths of 2,566 m and 2,998 m (measured depth) respectively and completed with electric submersible pumps (ESPs). Drilling and completion of the two wells was completed in 38 days.

Both development wells were targeted to the east fault block of the Manora oilfield. The MNA-15 well found 44 m of oil pay in three separate reservoirs. It will be completed as a four zone selective completion produced by an ESP installed on a Y-block. The MNA-16 well found 37 m oil pay in four separate reservoirs. It will be completed as a six zone selective completion produced by an ESP installed on a Y-block. MNA-15 is expected to commence production in the last week in April when the rig leaves the platform. MNA-16 is expected to commence production during the first week in May once it is connected to the production system.

Production from the two wells is expected to return Manora to its plateau rate of 15,000 bopd gross (4,500 bopd net to TAP).

The Atwood Orca rig has now moved off location. The Atwood Orca is expected to commence drilling of the Sri Trang-1 exploration well in the Reservation Area of the G1/48 Concession in mid May 2016.

Tap has 2P reserves of 4 MMbbl (13.2 MMbbl gross) as at December 31, 2015, booked for Manora. Tap will review these reserves and contingent resources following development drilling and production performance.