UPSTREAM oil-and-gas firm KrisEnergy has suspended production at the Wassana oil field in the Gulf of Thailand till further notice, in view of the many uncertainties ahead, it said on Wednesday.
These uncertainties include the duration of the Covid-19 pandemic, the speed of global economic regeneration and recovery in petroleum demand, and the magnitude and sustainability of any upturn in oil prices, KrisEnergy said. The Wassana field in the G10/48 concession in the Gulf of Thailand came onstream in August 2015 and comprises a mobile offshore production unit and a floating storage and offloading vessel. Agreements with respect to the FSO have been terminated.
KrisEnergy is in discussions regarding the warm-stacking of the MOPU with a skeleton crew, supported from the Songkhla shorebase. Gross production at Wassana oil field averaged 3,605 barrels of oil per day in the first quarter of 2020. The company’s working interest production was 3,208 bopd.
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