The well encountered 28ft of net pay of oil in the Upper Oligocene with 23% average porosity and 29ft of net pay of oil in the Lower Oligocene with 16% average porosity.
The company estimates that this fault block contains a total of 13 million barrels of oil in place across these two intervals.
The company said that the B-01 well also encountered good oil shows in three zones in the Miocene; however, this interval was not targeted in this well and the Miocene was not encountered in an optimal structural position.
The company has spudded the Bua Ban North B-02 well, which will test two Miocene intervals in an optimal structural position.
