Coastal Energy has reported that the Bua Ban North B-02 exploration well offshore Thailand has encountered 62ft of net pay in the Miocene objective with 26% average porosity.

The well, which was drilled to 6,513ft true vertical depth, also tested the Eocene interval and encountered 150ft of net sand with 19% average porosity.

According to the company, the well has been cased and suspended pending the arrival of testing equipment.

Conductor pipe has been set on the B-03 well, which is testing the Miocene in a separate fault block due east from the B-02 well.

Coastal Energy CEO Randy Bartley said that the B-02 well encountered thicker sands in the Miocene than were anticipated with better than expected reservoir quality.

"The Eocene zone which was encountered was not a target in this well, but delivered the highest reservoir quality sands we’ve seen to date in the Eocene interval," Bartley said.