Pan Orient has completed a 90-days production test on the outpost well, L53 DD2 in the L53/48 concession, onshore Chao Phraya Basin, on 23 February 2019. The well was reported to have flowed oil at approximately 580 b/d through within the âDDâ and âEEâ sands, probably within the Lower Miocene Series.   The production test for the L53 DD2 well commenced on 26 November 2018, as soon as it received approval from the Department of Mineral Fuel (DMF). The first production was conducted in âEEâ sand which produced 489 bo/d over 11 days. The well was shut-in on 6 December 2018 for a workover. The second production commenced from the âDDâ sand using a beam pump with daily production of 504 b/d, from 25 December 2018 to 15 January 2019. The oil production increased to 756 b/d when the production in âDDâ sand was commenced using an electrical submersible pump, from 17 January 2019 to 10 February 2019.  Spudded on 24 October 2018, L53 DD2 well was drilled back-to back with L53 DD1 new-field wildcat. The well was drilled to an optimized up-dip location, approximately 560 m southwest of the discovery well L53 DD1, originally targeting the deepest two of the three reservoirs encountered in the discovery well. The well reached its TD of 1,903 m (1,589 m TVD) on 12 November 2018.   Prior to the production test, L53 DD2 was interpreted having encountered a combined 32 m of net oil pay from five intervals in between 1,044 m TVD to 1,105 m TVD. L53 DD field was interpreted having encountered five oil bearing sands, namely âAAâ, âBBâ, âCCâ, âDDâ and âEEâ, within the Lower to Middle Miocene Series. The EE sand is the deepest of four oil bearing sands encountered in the L53 DD2. However, the AA sand is absence in L53 DD2.     The daily oil production for the discovery well L53 DD1 is around 530 barrels, based on the reported cumulative production from 21 November 2018 to 10 February 2019. Located 5 km south of the U Thong oilfield, the deviated new-field wildcat was drilled to a total depth of 1,373 m (1,323 m TVD) on 22 October 2018.   The L53 DD1 and L53 DD2 wells have been temporarily shut-in until Production License is granted around April/May 2019.    The L53/48 concession is fully owned and operated by Pan Orient (Siam) Ltd, which is in turn controlled by Pan Orient Energy Corp (50.01%) and Sea Oil Public Company (49.99%). The exploration Area A and B will expire in January 2021, after which the production areas (A, B, D and G) will be retained.    Background Information    The L53/48 block lies onshore in the Kamphaeng Saen Sub-basin of the Chao Phraya Basin, around 50km WNW of Bangkok. The original 3,997 sq km L53/48 block was awarded to Pan Orient Energy on 8 January 2007 as the operator and sole interest holder, under the 19th Licensing Round.   Â As of 31 January 2019, the L53/48 concession holds a 2P crude oil reserves of 5 MMbbl from the Lower Miocene sandstone reservoir.   Apart from L53 DD field, three fields are producing (L53-A, L53G, L53-D East), one is developing (L53-B) and another two fields are appraising (L53-D and L53-D C-EXT) in the L53/48 concession. The exploration Area A and B will expire in January 2021, after which the production areas (A, B, D, and G) will be retained.
L53 DD4 (Pan Orient 100%) in L53 DD field area (onshore), 15,6m net oil pay in the BB/CC sand, as well as the AA2 sand (new pool). A 90-day test is planned.