In a news release, Pan Orient Energy Corp. (POE:TSX.V) provided an update on its joint venture's oil and gas drill program in Thailand.
The Alberta, Calgary-based energy firm and its partner decided to complete the L53-DD8 well at the onshore L53 concession as a producer.
As such, the rig there will now be moved and used to drill the L53-DD7 appraisal well, the last one in the current drilling program. Then the well will be completed, as a water disposal well or a producer depending on the drill results.
Pan Orient reported that after drilling of L53-DD7 is finished, L53-DD8, L53-BB1 and, potentially, L53-DD7 will be completed. Subsequently, production testing will start on the L53-AA2 exploration well, for which approval was recently obtained. At that time, the beam pump at the L53-DD5ST1 well will be swapped out for an electrical submersible pump and production there restarted.
As for the L53AC-E exploration well, the partners deferred drilling of it until late 2020. The timing of that will depend on the status of oil prices and the COVID-19 pandemic, the company noted.
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