PTTEP Australasia, a wholly owned subsidiary of PTTEP, discovered gas and condensate at Orchid-1, the first exploration well in Permit AC/P54 in the Timor Sea offshore Australia. The well was drilled to a total depth of 2925 m, and encountered gas and condensate with net pay thickness of approximately 34 m. The find will be incorporated into development plans for the Cash-Maple field, which contains 3.5 Tcf of resources.
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