Land oil fields discovered in Phetchabun province

[Mid]

Land oil fields discovered in Phetchabun province
18 November


The Department of Mineral Fuels (DMF) reports that oil fields have been discovered in Phetchabun province; moreover, the fields can produce 5,000 barrels of crude oil per day. In this regard, DMF is expediting their approval to initiate its 20th contract bidding process.

The Director General of the Department of Mineral Fuels, Mr. Krairit Nilkuha (ไกรฤทธิ์ นิลคูหา), revealed that the land oil fields in Nasanun (นาสนุ่น) area have been found by a Canadian company ‘Pan Orient Ltd,' which has rights to produce petroleum and is currently positioned in Wichain Buri district (วิเชียรบุรี) in Phetchabun province.

The discovery will will alleviate the oil crisis in Thailand as the kingdom will be able to produce more crude oil in compliance with the market's demand. It will also help reduce cost of oil imports.

thainews.prd.go.th


so what does 5,000 barels / day equate to ?

is this really going to alleviate the oil crisis in Thailand ??

[watterinja]

^ I have my doubts 5,000 barrels a day will amount to much once cracked & refined.

Probably replace a few buffalo & fuel a few Kubota's.

[Mid]

thanxs , exactly the context I was looking for ................

[chinthee]

^ Yeah, drop in the bucket.

[Begbie]

The article is meaningless I'm afraid. Most likely a bit of advertising for the next licensing round.

What they should be announcing is a reserves estimate. "The fields are expected to produce xx million barrels." A small field would be 10 - 50 million.

[Mid]

thanxs again ,

often wonder if it's the translations or if they really do say / believe what their quoted with ??

[chinthee]

I get the daily Oil & Gas Journal update. If Thailand had any reserves to speak of, I should have known about it.

[blackgang]

Well for the last week there was a dude milling around here and looking things over and making GPS notations on some papers,, so looks like they gonna be setting up a derrick in my back yard soon..Checked out one of the fingerling ponds, pobly for the mud pond..

I will still be coming on here and giving you clods some of my class posts tho, never fear, I will always be here.

Say there Chin, I get some daily gas too, but a few good farts takes care of it mostly..

[chinthee]

^Dude, you need to negociate. I'm here for you.

[Mid]

I get the daily Oil & Gas Journal update. If Thailand had any reserves to speak of, I should have known about it.

speaking of which ,

with the Dino fossils in the NE what are the odds ?

[Boon Mee]

^
Not great. Recall one well drilled named the Queen Siriket well that ended up a dry hole. Had to be careful with that if you know what I mean.

[Tchiowa]

^
Not great. Recall one well drilled named the Queen Siriket well that ended up a dry hole. Had to be careful with that if you know what I mean.

Is it fair to assume that you are quite familiar with drilling dry holes?

[blackgang]

^Dude, you need to negociate. I'm here for you.

Thanks Bro, I might have to,, But Ant PM. me and offered to do it for 300 baht a day, even if it meant to going to court, but I would have to pay for his lunches extra.

[Boon Mee]

^Dude, you need to negociate. I'm here for you.

Thanks Bro, I might have to,, But Ant PM. me and offered to do it for 300 baht a day, even if it meant to going to court, but I would have to pay for his lunches extra.

Fuck his lunches - get that babe you got as an avatar to sit on his face for a while...heh

[blackgang]

we were negotiating on her, he insisted, but I dunno, cost like a bitch to fly her over from Baltimore, pobly cost double for the 2 seats she have to have..

Plus that, he wanted her to bring her ol man, shit I don't know what he has in mind..

[AntRobertson]

My, my... you two little girls sure do have vivid imaginations!

Sorry though blackgang, you couldn't afford me.

[chinthee]

I get the daily Oil & Gas Journal update. If Thailand had any reserves to speak of, I should have known about it.

speaking of which ,

with the Dino fossils in the NE what are the odds ?

LOW odds.

[Boon Mee]

I get the daily Oil & Gas Journal update. If Thailand had any reserves to speak of, I should have known about it.

Shame too as Burma does have a significant amount of oil both on/offshore.

[chinthee]

I get the daily Oil & Gas Journal update. If Thailand had any reserves to speak of, I should have known about it.

Shame too as Burma does have a significant amount of oil both on/offshore.

Yeah, well that never stopped BP.

[AntRobertson]

^I was actually reading about the dubious moral ethics of Oil Co.'s today.

It's amazing who they'll get in bed with if there's a buck in it.

[blackgang]

They say that they are sure of it, so they better get a rig set up and drill a hole. supposed to be down close to pitchit.
Hope they are right, family owns land down there too.

[Whiteshiva]

I get the daily Oil & Gas Journal update. If Thailand had any reserves to speak of, I should have known about it.

speaking of which ,

with the Dino fossils in the NE what are the odds ?

LOW odds.

Not so sure, there are currently oil fields in operation to the west of Petchabun (Phitsanolok) and gas field developments to the east (North of Kong Khaen). So I'd say the odds of striking oil in Phetchabun wouldbe pretty good.

[blackgang]

My bro in law is down there now for a few days, when he gets back I will shake his cage and see if he knows anything about it..