Thailand’s PTTEP has announced that it has made a successful discovery of gas at the Orchid-1, the first exploration well in Permit AC/P54 located in the Timor Sea, Australia.
The drilling of the Orchid-1, which started in January, 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.