Eric Watkins
Senior Correspondent
LOS ANGELES, Oct 18 -- Pearl Energy Ltd. of Singapore has let contract to ENSCO Oceanics Co. for use of the ENSCO 107 jack up in a 60-day exploration program scheduled to start in March 2006 on Block B 5/27 in the Gulf of Thailand.
Pearl plans six exploratory wells on the block, three in the area of Jasmine oil field, one to the north, and two to the south.
Jasmine field started up from Platform A in June 2005 and is producing about 10,000 b/d of crude oil.
In August, Pearl approved the installation of a second platform, Platform B, about 3 km northwest of Platform A, and a third platform, Platform C, 3.2 km south of Platform A (OGJ, Aug. 22, 2005, Newsletter).
Platforms B and C will be connected via subsea pipeline to the Jasmine Venture MV7 floating production, storage, and offloading vessel near Platform A.
Chris Gibson-Robinson, Pearl's chief technology officer, said the firm will attempt to extend the drilling contract and drill one or more sidetracks from each surface location to establish the reserves of each prospect area.
Pearl's 70%-owned subsidiary Pearloil (Siam) Ltd. holds 100% of and operates Block B 5/27. Choice Plus Holdings Ltd. holds the other 30% of Pearloil (Siam).
Contact Eric Watkins at [email protected].
