KrisEnergy discovered oil at the Rayrai-1 exploration well in Block G10/48 in the Gulf of Thailand. The well intersected 50 ft of oil-bearing sandstones after reaching a total depth of 6,382 ft. Once the well is plugged, the company will begin drilling as many as 15 development wells in the area. So far, the license contains three oil discoveries. KrisEnergy (89%) is the operator with partner Palang Sophon Offshore (11%).