PTTEP Australasia (Ashmore Cartier) Pty. Ltd., a wholly owned subsidiary of PTT Exploration & Production PCL, reported making a natural gas and condensate discovery with its Orchid-1 well, the first exploration well drilled in permit AC/P54 in the Timor Sea offshore Australia.
The Orchid-1 well, drilling of which started in January, reached a total depth of 2,925 m. The well encountered gas and condensate with 34-m net pay thickness.
“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,” the company said.
The AC/P54 exploration permit comprises permits AC/L3, AC/RL4, AC/RL5, AC/RL6, AC/RL7 (Cash-Maple field), AC/RL10, AC/RL12, and AC/P54.
