Northern Gulf Petroleum Pte Ltd (NGP) is still inviting proposals to acquire its 10% participating interest in the G01/48 concession located in the Kra Sub-basin (Gulf of Thailand Basin), as of October 2018. The 1,495 sq km block contains the Manora field that was producing approximately 6,285 bo/d in September 2018.    The concession is operated by Mubadala Petroleum with 60% interests. The remaining 30% interest is held by Tap Oil.    Aside from Manora, the G01/48 block contains the Malida 1 oil discovery and it is believed to contain significant potential for additional discoveries.    For additional information, please contact: pantaporn@northerngulfoil.com.    The acquisition opportunity was initially reported in mid-September 2015.  The last exploration drilling activity in the G01/48 concession was conducted in 12 November 2017, with the objective to extend the Manora field life up to two years. The well is located approximately 10 km northeast of the Manora Production Area. Ladawan 1 was plugged and abandoned with non-commercial oil discovery. No well test has been carried out.    Likely future exploration targets in the block will be Middle to Upper Miocene fluvial sandstones trapped in fault-bounded structures, analogous to the discovered fields in the area.    Background Information    The G01/48 concession was granted to Occidental Exploration Pte Ltd (50%, operator) and partner Syarikat Borcos Shipping Sdn Bhd (50%) in December 2006. In 2007, Occidental registered a company name change to Northern Gulf Petroleum Pte Ltd.     Subsequently, Pearl Oil (later acquired by Mubadala Petroleum) acquired the entire 50% stake of Syarikat Borcos plus an additional 10% and operatorship from Northern Gulf Petroleum. In October 2010, Tap Oil acquired an indirect 30% interest in the block via the acquisition of a 75% share of Northern Gulf Petroleum. In 2012, Tapâs indirect interest was converted into direct interest through transfer to subsidiary Tap Energy (Thailand) Pty Ltd. Northern Gulf retained the remaining 10% direct interest.    The Manora oil field was discovered via Manora 1 wildcat in mid-December 2009. The discovery was appraised with outposts Manora 2, Manora 3 and Manora 4 in 2010 (two oil wells, one dry). Additional exploration in the block was in late 2012 with dry wildcats Manora 5 (targeting a separate structure to the north of the main Manora field) and Kinaree 1ST1. In late 2013, Mubadala conducted a new drilling campaign with the Malida 1 oil discovery and appraisals Malida 1ST1 (oil shows) and Malida 1ST2 (oil).    The Manora field came onstream in November 2014. The field is expected to produce for 11 years at a plateau rate of 15,000 bo/d.
Thailand (Kra Sub-basin (Gulf of Thailand B.)) Malida 1